CONF: Indonesian GDP to grow more slowly at 4.8% in 2020
Nov 25, 2019 21:10
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Indonesia’s GDP is expected to grow at 4.8% in 2020, which will be slightly lower than the projected 5.0% for 2019 and the 5.2% growth for 2018, Andry Strio Nugroho, researcher from the Institute for Development of Economics and Finance, an Indonesian thinktank, shared at the 2019 ASEAN Iron & Steel Sustainability Forum in Jakarta of Indonesia on November 25.
Over 2016-2018, Indonesia’s GDP growths stayed above 5% on year, Silmy Karim, chairman of the Indonesia Iron and Steel Industry Association, shared at the event.
The 2019 and 2020, however, are “difficult years” for Indonesia, according to Nugroho, as global economic uncertainty grows with China and US unlikely to strike the