Indonesia trapped in 5% growth


JAKARTA (ANN): Most economists, including those of the World Bank and international banks, have predicted Indonesia will continue to be stuck in the 5% growth lane this year and 2020 amid worldwide policy uncertainty, subdued global growth and international trade tensions and protectionism.

Though a 5% expansion is still respectable and is the second-highest among the major emerging and developed economies, that growth level is way below Indonesia’s potential growth of 6 to 7% and is far from adequate to employ the 2.5 million new job seekers each year, an editorial in The Jakarta Post states.

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