Jakarta, Oct. 9 -- The Finance Ministry has expressed optimism that Indonesia's economy will grow by 5.2 percent in 2025, despite the World Bank projecting the country's growth to remain below 5 percent.
Febrio Kacaribu, an official at the Finance Ministry, said in Jakarta on Thursday that the World Bank's projection does not fully account for Indonesia's fiscal policies, which are aimed at maintaining economic growth momentum.
The World Bank earlier forecast Indonesia's economic growth in 2025 at 4.8 percent, up from an initial estimate of 4.7 percent. Although the figure represents an improvement, it remains below the government's target of 5.2 percent.
Kacaribu said projections by international institutions are often based on limite...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.