"BI predicts the 2013 growth will reach a maximum of 6.3 percent, lower than the government-set target of 6.8 percent," BI Deputy Governor Hartadi A Sarwono said.
Jakarta (ANTARA News) - The Indonesian economy will grow at a slow pace of 6.3 percent next year as the global economic growth has shown no signs of recovery, Bank Indonesia (BI) has predicted.

"BI predicts the 2013 growth will reach a maximum of 6.3 percent, lower than the government-set target of 6.8 percent," BI Deputy Governor Hartadi A Sarwono said after the inauguration of the board of commissioners of the financial service authority (OJK) at the Supreme Court building here on Friday.

The 2013 economic growth would be lower than expected as the global economic recovery was not running as quickly as expected.

"The IMF has revised its economic growth forecast for Indonesia in 2013 and BI has announced its growth forecast when delivering its views at a meeting with the Budgetary Board of the House of Representatives," she said.

In its report released recently the IMF has cut its global economic growth forecast to 3.5 percent from 3.6 percent for this year and to 3.9 percent from 4.1 percent for next year.

Hartadi said the slow global economic growth would have a great impact on the Indonesian economy, including the 2012 economic growth forecast of 6.1-6.2 percent.

"Our economic growth is expected to reach 6.1-6.2 percent this year which will also have an impact on the 2013 growth," he said.

Earlier, Finance Minister Agus Martowardojo predicted the national economy to grow 6.5 percent this year and 6.8-7.2 percent next year.

The IMF said the European economic crisis that had been spreading to China and India would put pressure on the global economic growth this year and next year.(*)

Editor: Heru Purwanto
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