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PR Newswire
03-07-2013, 09:35 PM
It will affect on those companies betting on Indonesia e.g. Courts Asia...
Cooling demand, lower exports ‘will hit Indonesia’s growth’
JAKARTA — The World Bank has cut its forecast for Indonesia’s economic growth this year as it anticipates cooling domestic demand and commodity exports.
Growth in South-east Asia’s largest economy will probably slow to 5.9 per cent from an earlier forecast of 6.2 per cent, according to a quarterly report released in Jakarta. The Washington-based lender also lifted its annual inflation forecast for the country to 7.2 per cent after the government raised fuel prices last month.
The World Bank’s estimates add to predictions that Indonesia’s first price increase for subsidised fuel in five years will dampen expansion, with Bank Mandiri saying last week that profit and loan growth will be hurt by higher interest rate and energy costs. Easing investment growth and exports that have declined for over a year add to the challenge, with a persistent trade deficit contributing to a 3 per cent drop in the rupiah this year
http://www.todayonline.com/business/cool...ias-growth
Cooling demand, lower exports ‘will hit Indonesia’s growth’
JAKARTA — The World Bank has cut its forecast for Indonesia’s economic growth this year as it anticipates cooling domestic demand and commodity exports.
Growth in South-east Asia’s largest economy will probably slow to 5.9 per cent from an earlier forecast of 6.2 per cent, according to a quarterly report released in Jakarta. The Washington-based lender also lifted its annual inflation forecast for the country to 7.2 per cent after the government raised fuel prices last month.
The World Bank’s estimates add to predictions that Indonesia’s first price increase for subsidised fuel in five years will dampen expansion, with Bank Mandiri saying last week that profit and loan growth will be hurt by higher interest rate and energy costs. Easing investment growth and exports that have declined for over a year add to the challenge, with a persistent trade deficit contributing to a 3 per cent drop in the rupiah this year
http://www.todayonline.com/business/cool...ias-growth
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