Indonesia lowers 2016 economic growth target
In the first quarter, Indonesia’s gross domestic product (GDP) grew 4.92% compared with growth estimates of 5.02%. However, Indonesia’s first quarter growth was faster than the growth rate of 4.79% posted in the same period of 2015. The government also lowered its inflation target to 4% from the previous forecasts of 4.7%.
The Economy Ministry stated that the country’s investments and exports will remain subdued due to weakening global demand. According to the ministry, Indonesia’s investments may expand just 6% due to weak global conditions.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- PVC snaps an 8-month downtrend, players remain skeptical in Turkey
- China boosts polymer imports from US again despite shrinking overall imports in 2022
- Asian PVC prices cautiously rebound from more than 2-year lows
- Freight rates near pre-Covid levels as pace of normalization accelerates
- Bleak outlook for Q1 keeps European PP, PE buyers sidelined
- PLAST EURASIA 2022: Eyes on Russian and US supplies with demand woes in focus
- December PE offers to SE Asia imply further drops, yet to respond to China
- Has the bear market for Asian PVC almost run its course?
- Demand outlook for crude oil dims amid China worries
- Asian styrene prices rebound from almost two-year lows