JAKARTA: Indonesia’s finance minister on Wednesday maintained the outlook of zero to 1% economic growth this year despite a weaker than expected second quarter.
Sri Mulyani Indrawati told journalists she would be more aggressive in supporting the economy for the rest of the year.
Indonesia posted its first contraction since 1999 in the April-June period, with the economy shrinking by a worse-than-expected 5.32%, official data showed on Wednesday.
Third quarter economic growth was seen at up to 0.5%, and fourth quarter growth seen at near 3%, Indrawati said. – Aug 5, 2020, Reuters
