Kamis 11 Oct 2012 16:00 WIB

IMF trims Indonesian growth forecast

Rep: A Syalaby Ichsan/Satya Festiani / Red: Yeyen Rostiyani
A wide variety of fabric made of small medium enterprises (SME) are on display in an axhibition. International Monetary Fund (IMF) once again trims the forecast of Indonesian economic growth from 6.1 percent to 6 percent due to the continuation of global e
Foto: Republika/Wihdan Hidayat
A wide variety of fabric made of small medium enterprises (SME) are on display in an axhibition. International Monetary Fund (IMF) once again trims the forecast of Indonesian economic growth from 6.1 percent to 6 percent due to the continuation of global e

REPUBLIKA.CO.ID, JAKARTA - International Monetary Fund (IMF) once again trims the forecast of Indonesian economic growth from 6.1 percent to 6 percent. Global economic slowdown affected Indonesian economy, Senior Resident Representative IMF for Indonesia, Benedict Bingham, said.

"We have revised the forecast from 6.1 percent to 6.0 percent," Benedict said on Wednesday while visiting Republika.

There has not been any solution to recession in Europe and US. Meanwhile, China economic growth is also slowing down. Every country including Indonesia was affected by the global crisis.

IMF has scaled back the estimation of global growth along with the worsening of debt crisis in Europe. IMF also reminds that the global economic slowdown will happen unless the US and Europe take immediate step to overcome the threat to their economy.

In its latest prediction on the World Economy Outlook, global output in 2012 would grow by 3.3 percent, the lowest since 2009 recession. Global output seems to be escalated by 3.6 percent next year. IMF predicts that economic recovery has slowed down while uncertainty emerged.

 

 

 

 

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