August 29, 2019 / 9:48 AM / 18 days ago

Indonesia's finmin revises down 2019 growth outlook to 5.08% year on year

FILE PHOTO: Indonesia's Finance Minister Sri Mulyani Indrawati attends the World Economic Forum on ASEAN at the Convention Center in Hanoi, Vietnam September 12, 2018. REUTERS/Kham

JAKARTA (Reuters) - Indonesia’s finance minister Sri Mulyani Indrawati in a parliamentary hearing on Thursday revised down the country’s economic growth outlook for 2019 to 5.08% from 5.2% previously.

Indrawati told parliament that GDP was expected to be weaker due to slower consumption while uncertain global economic conditions may also pressure trade and investment.

Reporting by Maikel Jefriando; Writing by Fransiska Nangoy; Editing by Jacqueline Wong

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