World Bank plans to revise Indonesia`s growth rate

The World Bank plans to revise downward its Indonesian economic growth rate projection for 2008 to 6.0 percent from 6.4 percent due to the US economic slowdown but assures the move will not affect the government`s effort to achieve the target of reducing the poverty rate."That is still a favorable growth. The projected growth rate of 6.0 percent is chiefly caused by improving macro economic policy, particularly fiscal policy. The drop is fairly slight as it falls to 6.0 percent from 6.4 percent," World Bank Country Director for Indonesia Joachim von Amsberg said on Tuesday.He said the projected 6.0 percent growth rate still enabled the government to create more jobs and reduce the poverty rate although it would not be as fast as 7-8 percent. "The projected 6.0 percent growth rate is still quite favorable to Indonesia amidst the turbulent global economy," he said.
(http://www.antara.co.id/en/arc/2008/3/26/world-bank-plans-to-revise-indonesias-growth-rate/)