Yesterday (Jan. 27) the government of Indonesia and the House of Representatives’ Commission XI agreed to set the country’s economic growth assumption at 5.7% on the 2015 revised budget noting the acceleration of infrastructure projects. The government previously targeted 5.8% economic growth for this year, but then revised it down to 5.6% after the World Bank and the International Monetary Fund (IMF) lowered their growth outlooks for the world economy—World Bank had cut its projection to 3% from initial 3.2% while IMF corrected its target to 3.5% from preliminary projection of 3.8%.
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