Illustrative image (Source: AFP) Hanoi (VNA) – Indonesia’s economy posted a growth rate of 4.79 percent in 2015 – the lowest recorded in the past six years, due to decreases in commodity prices and export turnover to key markets, the country’s Central Statistics Agency announced on February 5.
Southeast Asia’s largest economy hasn’t seen growth below 5 percent since 2009, when the global financial crisis was at its peak.
The rate was far lower than the Government’s target of 7 percent.
However, the country registered an economic growth rate of 5.02 percent in the fourth quarter of 2015 – higher than the third quarter’s 4.74 percent, which raised hope for a thriving economy this year. President Joko Widodo has taken a series of economic stimulus measures, designed to attract foreign investment and speed up the implementation of infrastructure projects.
The Finance Ministry set a goal of a 5.3 percent growth for this year.
Meanwhile, Capital Economics predicted that the country’s economy will grow 5 percent in both 2016 and 2017.-VNA
