Arab Today, arab today indonesian economy grows at slowest rate in 6 years
Last Updated : GMT 08:44:49
Arab Today, arab today
Arab Today, arab today

Indonesian economy grows at slowest rate in 6 years

Arab Today, arab today

Arab Today, arab today Indonesian economy grows at slowest rate in 6 years

Indonesia's economy grew at its slowest pace
Jakarta - Arab AFP

Indonesia's economy grew at its slowest pace for six years in 2015, data showed Friday, as it was hit by plunging commodity prices and falling exports to key markets including China.

Southeast Asia's largest economy grew 4.79 percent last year, the first time it has fallen below five percent since 2009 at the height of the global financial crisis, and well short of the government's seven percent target. It (Other OTC: ITGL - news) grew 5.02 percent in 2014.

However, a slight uptick in October-December -- with 5.04 percent year-on-year growth -- beat expectations and raised hopes the country can kick on in 2016 as President Joko Widodo rolls out economy-boosting measures.

"There is an improvement in the fourth quarter, so we hope the growth will increase in the future, especially this year," Statistics Agency chief, Suryamin, who goes by one name, said.

With (Other OTC: WWTH - news) the global economy suffering a painful slowdown -- most startlingly in China -- demand for the country's key exports coal and palm oil slackened, hammering revenues.

The crisis led Widodo -- known as Jokowi -- to introduce a string of measures to lift the economy including a drive to attract much-needed foreign investment, ramping up infrastructure projects and introducing bureaucratic reforms.

And last month the central bank slashed interest rates by 25 basis points for the first time since February 2015, with signals that further reductions are likely in the future. The finance ministry has targeted 5.3 percent growth this year.

Analysts welcomed the end-of-year pick-up.

"Prospects for Indonesia's economy appear to have improved over the past few months," Capital Economics said in a statement.

But it added: "While recent economic reforms should provide a boost to confidence, they will need time to take effect."

The group forecast 5.0 percent for this year and next.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today indonesian economy grows at slowest rate in 6 years Arab Today, arab today indonesian economy grows at slowest rate in 6 years

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today indonesian economy grows at slowest rate in 6 years Arab Today, arab today indonesian economy grows at slowest rate in 6 years

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday