World Bank: Indonesian Economic Growth Declines
8 December 2014 19:02 WIB
TEMPO.CO, Jakarta – The World Bank projected the Indonesian economy would grow by around 5.1 percent, lower than the growth projection of 5.2 percent. World Bank chief economist Ndjame Diop said on Monday, December 8, 2014, that the global economic slowdown had brought down the prices of Indonesian commodities.
Diop said the estimation could reverse if the investment in 2015 went beyond expectations. The World Bank provided a similar projection of economic growth in 2015 at 5.2 percent.
According to Diop, the Indonesian economy still relies on domestic consumption. If Indonesia is able to strengthen its economic foundation and create favorable investment climate, there will be a solid growth ahead, he said.
Diop explained that Indonesia could achieve an economic growth of 5.2 percent by 2015, if President Jokowi’s administration could improve the economic structure and investment, particularly in basic and physical instrastructure development. However, Diop warned, negative growth might occur if the reformation implementation was constrained.
FERY F. | ANT
