Indonesia lowers its growth estimate for 2015
The country’s government had initially announced a projected growth of 6.6% for 2015, which was later revised down to 5.8%. Following the most recent revision in expected growth rates, the government is now predicting economic growth at 5.2%.
A source from Indonesia’s Coordinating Minister for Economic Affairs explained that multiple countries around the globe revised down their projected growth for 2015 due to the global economic slowdown. The source also stated that the world’s projected growth rate dropped to 2.9% for 2015 compared with initial expectations of 3.5%.
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