IMF cuts Indonesian GDP growth outlook
World Economic Outlook which has been published Tuesday (10/15), released Indonesia GDP to expand just 5 percent this year, down 2 percentage point from April projection. This forecasting based on weakened manufacturing activity, rising trade and geopolitical tension.
Government have to focus on maintaining household spending, the primary driver of GDP growth in the country. Besides, removing trade barriers should be an ideal scenario to boost confidence and investment. As altenative such scenario would be to utilize fiscal and monetary policy to boost domestic growth.
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