Central Bank of Indonesia trims 2012 GDP outlook: reports
2011-11-30 11:17:47
Indonesia's central bank has revised down its gross domestic product forecast for 2012 due to weaker global growth prospects, Bank Indonesia Deputy Governor Halim Alamsyah was quoted as saying on Wednesday.
The GDP is now expected to grow 6.3 percent in 2012 from around 6.5 percent predicted earlier this month, according to reports.
The economy is expected to expand 6.6 percent this year. The GDP grew 6.5 percent year-on-year in the third quarter, the same pace as in the prior quarter.
Last month, Indonesia's central bank made a surprise interest rate cut of 25 basis points to 6.5 percent to shield the economy from global economic woes.