World Bank projects Indonesian economy to grow 5.2%

ANI  |  Jakarta [Indonesia] 

The Bank (WB) has projected that the Indonesian economy would grow 5.20 percent this year, more than the government's projection of 5.18 percent.

The WB said both private consumption and investment are expected to strengthen.

The Bank for Indonesia, said, "The investment growth is still high, considering the increasing prices of commodities," quoted by The

The global economy would grow slower due to tightening monetary conditions, Chaves added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, June 07 2018. 04:24 IST