Sign up | Log in



Home  >>   Daily News  >>   Indonesia  >>Economy  >> Govt revises down GDP growth forecast
NEW UPDATES Asean Affairs  24 June 2015  

Govt  revises down GDP growth forecast

The government has revised the country’s economic growth projection in the 2016 state budget, indicative of macro assumptions, to between 5.5 and 6 percent from between 5.8 and 6.2 percent previously.

Finance Minister Bambang Brodjonegoro said that the revision was based on next year’s economic prospects and the weak economic growth this year.

Because of a persistent decline in exports, the World Bank and the International Monetary Fund (IMF) had revised down their forecasts on Indonesia’s economy to a growth rate of 4.7 percent this year from their previous estimate of 5.2 percent.

The two financial organizations estimated the Indonesian economy, which grew 4.7 percent in the first quarter, the lowest since 2009, would remain weak until the end of the year.

Bambang is optimistic that Indonesia’s economic growth will reach 6 percent, the upper level of the government’s forecast.

“The IMF still predicts that global economic growth will hit 3.8 percent next year. It is better than the current growth that only hits 3.3 percent and the 2014 growth that revolves at 3.3 to 3.4 percent,” Bambang said.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           June  23 , 2015 Subsribe Now !
• Supervision required to handle new credit  Subcribe: Asean Affairs Global Magazine
• Govt tells Garuda to double fleet in 5 years 
• Consumer prices in Singapore fell 0.4% in May
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Govt revises down GDP growth forecast
• Costs thwart potential exports
Asean Analysis                   June 24, 2015
• Asean Analysis June 24, 2015
Silk Road Tourism addressed in Xian/China
Advertise Your Brand

Asean Stock Watch  June 23,   2015
• Asean Stock Watch-June  23, 2015
The Biweekly Update
• The Biweekly Update June 12, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand