Tue, Oct 27, 2020
A A A
Welcome vaishu
RSS

Commodities Briefing - Categorized | Oil, Resources more

Growth rate cut for one of OPEC’s newest members

Posted on 28 September 2016

The economy of Indonesia, one of the newest members of OPEC, is on the decline, but could recover as policy reforms take hold, the Asian Development Bank said. The ADB said Tuesday it trimmed its forecast for growth in Indonesia from 5.2 percent to 5 percent. Next year’s growth rate should be around 5.1 percent, a decline from the March estimate by the ADB of 5.5 percent.
The bank said it cut its forecast for growth because investment spending was slower than previously expected. “Despite a challenging environment, Indonesia’s economy is still poised to grow at a healthy pace this year,” Sona Shrestha, ADB deputy country director for Indonesia, said……………………………………Full Article: Source


 Article link

This post was written by:

VRS - who has written 48800 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
banner
October 2020
S M T W T F S
« Nov    
 123
45678910
11121314151617
18192021222324
25262728293031