Indonesia lowers 2020 economic growth projection - between -0.4% and 1%

JAKARTA (Xinhua): Indonesian Finance Minister Sri Mulyani Indrawati has revised down the target of the national economic growth from the previous range between minus 0.4 per cent and 2.3 per cent to the range between minus 0.4 per cent and 1 per cent this year over further economic contraction in the second quarter of 2020.

The minister made the decision referring to forecasts on Indonesia's economic growth this year from several institutions including the World Bank, the Organisation for Economic Cooperation and Development (OECD) and the Asian Development Bank (ADB).