2017, World Bank Revises Indonesia's Economic Growth Projection

Economics & Macro

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06/06/2017 09:17 WIB

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In its June 2017 Global Economic Prospects report, the World Bank revised Indonesia's economic growth downward to 5.2 percent, lower than its January 2017 projection.

World Bank Projections of ASEAN Countries' Economic Growth: January 2017 and June 2017

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2017, World Bank Revises Indonesia's Economic Growth Projection

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World Bank Projections of ASEAN Countries' Economic Growth: January 2017 and June 2017

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In its June 2017 Global Economic Prospects report, the World Bank revised Indonesia's economic growth downward to 5.2 percent, lower than its January 2017 projection. For 2018, Indonesia's economy is projected to grow at 5.3 percent, down from the previous projection of 5.4 percent. Similarly, domestic economic growth is projected at 5.4 percent for 2019, revised down from 5.5 percent.

Indonesia was the only country to experience a downward revision in the June 2017 projections; other countries remained unchanged. In fact, the World Bank raised its 2017 economic growth projection for Malaysia to 4.9 percent, up from 4.3 percent previously.

The World Bank projects the economies of the East Asia and Pacific region to grow at 6.2 percent in 2017. This is expected to slightly slow to 6.1 percent in 2018 and 2019.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."