IMF Projects Indonesia`s GDP at Number 3 in ASEAN-5
Kamis, 1 Januari 1970 07:00 WIB
TEMPO.CO Jakarta
The ASEAN-5 is a group comprised of Indonesia, Malaysia, The Philippines, Thailand, and Vietnam. In the World Economic Outlook (WEO) for April 2017, the IMF projects these five countries' economies to grow strong in 2017 and 2018.
Indonesia's economy is predicted to grow 5.1 percent in 2017 and 5.3 percent in 2018. The growth rates are below the Philippines' projected 6.8 percent and Vietnam's 6.5 percent in 2017.
Meanwhile, Malaysia's and Thailand's growths are predicted at 4.5 percent and 3.0 percent.
In West Asia, India is estimated to post the highest economic growth with 7.2 percent.
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