World Bank Cuts Indonesia's Growth Projection  

Translator

Editor

Selasa, 9 Desember 2014 03:12 WIB

Country Director World Bank Stefan Koeberle saat konfrensi press setelah mengadakan diskusi dengan tema "Indonesia tumbuh dalam lingkungan global yang lebih rentan" di gedung BKPM, Jakarta, (12/7). Tempo/Aditia Noviansyah

TEMPO.CO, Jakarta - The World Bank on Monday cut its economic growth forecast for Indonesia to 5.1 percent, lower from its initial estimate of 5.2 percent.


"The slowing growth of the global economy growth has resulted in the price declines of several commodities in Indonesia, as well as minimize the presence of new opportunities," said World Bank lead economist Ndiame Diop yesterday, as quoted by Antara.


Diop said the projection could take a different turn if there is a strong rebound in investment next year, but the World Bank estimated next year's growth would not be much different from this year.


The Central Statistics Agency (BPS) previously announced the economy will grow by 5.01 percent in the third quarter of this year, down from the previous quarter's 5.12 percent.


RR. ARIYANI | TRI ARTINING PUTRI

Related News

Top 10 Poorest Countries in the World by GDP per Capita in 2024

7 hari lalu

Top 10 Poorest Countries in the World by GDP per Capita in 2024

Here is the list of the world's poorest countries in 2024 based on GDP per capita, all in Africa.

Read More

Indonesia Maintains Its Macroeconomic Stability With Good Consumer Confidence

45 hari lalu

Indonesia Maintains Its Macroeconomic Stability With Good Consumer Confidence

Indonesia's macroeconomic stability is maintained with good consumption and adequate foreign exchange reserves.

Read More

Sri Mulyani Meets with World Bank President, Discussing Energy Transition

1 Maret 2024

Sri Mulyani Meets with World Bank President, Discussing Energy Transition

Indonesian Finance Minister Sri Mulyani met with the President of the World Bank, Ajay Banga, prior to the FMCBG Meeting in Brazil on Feb. 28.

Read More

Gibran Rakabuming Responds to World Bank Warning on Free Lunch Program

29 Februari 2024

Gibran Rakabuming Responds to World Bank Warning on Free Lunch Program

Gibran Rakabuming responded to the World Bank's warning to Indonesia concerning the free lunch program.

Read More

Govt Receives 462 Electric Buses from World Bank

5 Februari 2024

Govt Receives 462 Electric Buses from World Bank

The Indonesian government has received 462 electric buses from the World Bank.

Read More

Collaborating with Hanung Bramantyo, Ministry of Home Affairs Highlights Rural Potential Through Docu-Drama

30 November 2023

Collaborating with Hanung Bramantyo, Ministry of Home Affairs Highlights Rural Potential Through Docu-Drama

These films are a collaboration with the World Bank under the Village Governance and Development Strengthening Program (P3PD).

Read More

Tourism Ministry Claims World Bank Approves US$30mn Fund for Tourism Awareness Campaign

27 November 2023

Tourism Ministry Claims World Bank Approves US$30mn Fund for Tourism Awareness Campaign

Sandiaga Uno claimed that the World Bank agreed to fund US$3 million or Rp465 billion to resume the Tourism Awareness Campaign in 2024.

Read More

Indonesia, World Bank Convene; Discusses Global Economic Situations

16 November 2023

Indonesia, World Bank Convene; Discusses Global Economic Situations

Finance Minister Sri Mulyani Indrawati met with World Bank's Managing Director for Operations Anne Bjerde in between APEC meetings in San Francisco.

Read More

World Bank Appreciates P3PD Implementation

31 Oktober 2023

World Bank Appreciates P3PD Implementation

The World Bank appreciates Indonesia's Strengthening Village Governance and Development Programme (P3PD) in 2023.

Read More

World Bank Reports on Climate Financing Gap for Developing Countries

7 September 2023

World Bank Reports on Climate Financing Gap for Developing Countries

The World Bank said that there is a significant financing gap for climate action, especially for green economy transition in developing countries.

Read More