The World Bank cut Indonesia's economic growth rate to 6.1% from 6.2% due to continuing weak global economy and impact of rising global crude oil price on the country's state budget, Bisnis Indonesia daily reported Thursday. "The reduction in Indonesia's economic growth target is triggered by weakening global economy, especially growth reduction in Indonesia's main trade partners that are expected to grow only 3.3% from previous forecast of 3.5%,"Chief Economist of the World Bank for Indonesia Shubam Chaudhuri said.

However, he added, domestic consumption will balance the weakening global economy. "It will maintain economic growth of 6.1% in 2012, slightly lower than 6.2% we have projected at the end of 2011," said Chaudhuri during the launch of World Bank report titled'Indonesia Economic Quarterly: Redirecting Spending."

Xinhua