"The global condition, including the Chinese economic slowdown, has affected Indonesia," the president said while addressing the meeting.
The low global commodity prices have also had an impact on the Indonesian economy, he informed.
He explained that the Indonesian government continued to improve the economic conditions by issuing deregulation packages and expediting the infrastructure development to spur the economy.
Also present at the meeting at Grosvenor House JW Marriot Hotel were Indonesian Trade Minister Thomas Lembong, Finance Minister Bambang Brodjonegoro, Bank Indonesia Governor Agus Martowardojo and Foreign Minister Retno Marsudi.
Trade Minister Thomas Lembong opened the meeting.
Jokowi left Jakarta for Europe on Sunday morning on a five-day state visit to Germany, Britain, Belgium and the Netherlands.
Member of the presidential communication team Ary Dipayana said on Sunday the president would visit the four European countries at the invitation of their leaders.
The visit was aimed at forging cooperation with the European Union (EU), particularly in the economic field as well as strengthening tolerance and building global peace.
Ary said the EU is one of Indonesias strategic traditional partners in facing new global challenges.
Trade between Indonesia and the EU reached US$26.14 billion last year, making the 27-nation bloc Indonesias fourth biggest trade partner.
EU was also the third biggest foreign investor in Indonesia with a value of US$2.26 billion in 2015.
Editor: Heru Purwanto
Copyright © ANTARA 2016
