#Economic Growth
Business
Indonesia Needs GDP Growth of 8 Percent to Become Developed Economy, Says Minister

Indonesia Needs GDP Growth of 8 Percent to Become Developed Economy, Says Minister

It would require the economy to grow at least eight percent year-on-year (YoY) to avoid the middle-income trap status.
Business
World Bank Cuts Indonesia’s GDP Growth Projection to 3.7 Percent This Year

World Bank Cuts Indonesia’s GDP Growth Projection to 3.7 Percent This Year

The more virulent Covid-19 Delta variant has slowed the pace of economic growth in the East Asia and Pacific region.
Business
Indonesia Categorized as Lower Middle-Income Country: World Bank

Indonesia Categorized as Lower Middle-Income Country: World Bank

The World Bank has removed Indonesia's status from the upper middle-income country based on gross national income (GNI) per capita in 2020.
Business
Government Trims Indonesia Growth Forecasts Following Emergency Covid Measures

Government Trims Indonesia Growth Forecasts Following Emergency Covid Measures

Indonesia's economic growth in Q3 was revised downwards to about 3.7-4.5 percent from 4.5-5.3 percent.
Business
Indonesia’s Covid-19 Surge Can Potentially Undermine Economy

Indonesia’s Covid-19 Surge Can Potentially Undermine Economy

Indonesian Finance Minister Sri Mulyani Indrawati has warned that the surge in Covid-19 cases will undermine efforts to rebuild the country's economy
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