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Jakarta Post
The Jakarta Post
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BI slashes growth forecast as crisis worsens

  • Aditya Suharmoko

    The Jakarta Post

Jakarta | Sat, March 28 2009 | 02:05 pm

PREMIUM The central bank has cut its forecast for Indonesia's economic growth this year, as the impacts of the global economic turmoil look likely to hit the country's investments and exports harder than earlier predicted. Under the revision, the country's economic growth this year could be as low as 3 percent, Bank Indonesia senior deputy governor Miranda W. Goeltom said Friday. "The...