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