Indonesia's 2019 GDP growth to be slower than targeted - finmin

Credit: REUTERS/KHAM

Indonesia's economic growth in 2019 is expected to be slower than a 5.3% target in the state budget due to more sluggish global economic growth, lower trade volume and low commodity prices, the finance minister said on Thursday.

JAKARTA, June 13 (Reuters) - Indonesia's economic growth in 2019 is expected to be slower than a 5.3% target in the state budget due to more sluggish global economic growth, lower trade volume and low commodity prices, the finance minister said on Thursday.

"We will maintain efforts to support economic growth to reach the target," Finance Minister Sri Mulyani Indrawati told lawmakers at a budgetary hearing.

Bank Indonesia Governor Perry Warjiyo estimated GDP growth of 5.1% this year, near the lower-end of the central bank's 5-5.4% target.

(Reporting by Maikel Jefriando; Writing by Tabita Diela; Editing by Jacqueline Wong)

((tabita.diela@thomsonreuters.com; +628561539032;))

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