Indonesia downplays World Bank growth cut to 4.7 percent
Jakarta, April 10 -- Indonesia's top economic official played down the World Bank's downgrade of the country's 2026 growth outlook to 4.7 percent from 4.8 percent, citing global geopolitical tensions weighing on forecasts across multiple economies.
Coordinating Minister for Economic Affairs Airlangga Hartarto said the revision was unsurprising given heightened global uncertainty, noting that similar adjustments have been applied to other countries facing comparable external risks.
"With the current war situation, they have all lowered projections across various regions," Airlangga said Thursday at his office in Jakarta.
He added that the World Bank's estimate remains relatively optimistic, as Indonesia's projected expansion still excee...
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