see url JAKARTA, 4 June (JDN.id) – The World Bank has lowered its projection for Indonesia’s economic growth this year amid global headwinds.
Despite the multilateral lender expects a stronger domestic demand in Indonesia and praised its macro-economics stability, it highlighted that there are risks to this outlook, which include continued volatility in global financial markets and disruptions to international trade.
source site Specifically on trade, the World Bank said the rising trend in protectionism pose “real risk” to global trade acceleration.
“Indonesia’s sound macroeconomic fundamentals continue to provide a solid buffer against rising global volatility. Sound economic management has kept inflation in check and debt levels at about only half of the legal threshold,” Rodrigo A. Chaves, World Bank Country Director for Indonesia and Timor-Leste said.
The World Bank’s June 2018 Indonesia Economic Quarterly report is part of its ‘Voyage to Indonesia’ campaign, which is a series of activities ahead of the 2018 Annual Meetings of the International Monetary Fund and the World Bank Group in Bali on October 12 to 14, 2018.