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Indonesian government outlines three economic growth scenarios

The Indonesian government has prepared three scenarios for its national economic growth projection for the next five years to enhance its resilience to threats of global upheavals.
Indonesian government outlines three economic growth scenarios ảnh 1Minister of National Development Planning Bambang Brodjonegoro during a function to formulate the initial draft of the medium-term national development plan 2020-2024 (Photo: Antara)
Jakarta (VNA) - The Indonesian government has prepared three scenarios forits national economic growth projection for the next five years to enhance itsresilience to threats of global upheavals.

Ata meeting on a draft plan of medium-term national development for 2020-2024 onSeptember 19, Minister of National Development Planning Bambang Brodjonegoro mentionedthreats of global upheavals, including the recession in Turkey and the US-Chinatrade war.

TheIndonesian government projects optimistic national economic growth of 6percent, moderate growth of 5.7 percent and pessimistic growth of 5.4 percent.

Brodjonegoronoted that the government recommends the lowest growth target of 5.4 percent,as global conditions are unpredictable.

Headded that the National Development Planning Ministry had prepared several waysto achieve the target, including implementing seven main agendas of developmentin the next five years.

Theseven agendas encompassed reducing the poverty rate to up to below 7 percent;cutting the unemployment rate to not over 4 percent; reducing inter-regionaldisparities; promoting the quality of human resources through vocation; andinfrastructure development programmes.

Inaddition, the government will prioritise the management of climate change./.
VNA
#Indonesian government #global upheavals #US-China trade war #climate change #poverty rate #vietnamplus #Vietnam News Agency Indonesia
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