Economics
Indonesia’s Finance Minister Sees Weaker Growth, Rate Cut Room
- Indrawati says trade war presents risks and opportunities
- Growth seen at 5.2% in 2019, lower than earlier forecast
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Indonesia’s finance minister said the economy will probably expand at a slower pace than previously forecast, and that there’s ample room for the central bank to cut interest rates in coming months to spur growth.
The U.S.-China trade war is hitting Indonesia’s exports, curbing its imports and reducing commodity prices, all of which will weigh on the country’s growth, Sri Mulyani Indrawati said Tuesday in an interview with Bloomberg Television’s Tom Keene and Nejra Cehic in London, where she was attending the Bloomberg Emerging & Frontier Forum.