ADB lowers Indonesia's economic growth forecast to 3.5% this year

The ADB also projected Indonesia's inflation rate at 1.7 per cent for this year, lower than the bank's previous forecast of 2.4 per cent in April. - Bloomberg

JAKARTA (Xinhua): The Asian Development Bank (ADB) has adjusted its forecast of Indonesia's 2021 economic growth to 3.5 per cent year-on-year from the previous 4.5 percent in early April.

"The economic recovery will continue although at a more moderate speed," ADB's Senior Country Economist Henry Ma said during the Asian Development Outlook 2021 event in Jakarta on Wednesday. (Sept 22)