JAKARTA (Yosefardi) – Asian Development Bank (ADB) cuts its projection for Indonesian economic growth next year to 5.6% from initial projection of 5.8%, as ADB projects lower export contribution for Indonesia economy.
ADB also cuts its projection for Indonesia economic growth this year to 5.1% from initial 5.3%.
International Monetary Fund (IMF), more pessimistic, also cut its projection for Indonesian economic growth to 5.1% next year, from initial projection of 5.8%.
It also predicts Indonesia’s current account deficit to reach 2.75% in 2015 and inflation to reach 4% +/- 1%.
Meanwhile, Bank Indonesia expects the inflation to reach above 2% this month, then year-on-year inflation would also reach above 8%, with impact of fuel price hike and growing consumption ahead of Christmas and New Year.