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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.

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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






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