Indonesia's 5.3% GDP growth target for 2020 faces downside risk - finmin

Credit: REUTERS/KHAM

Indonesia's finance minister on Wednesday said she sees growing downside risk to the proposed government target of 5.3% GDP growth for 2020, due to soft global trade and slowing global growth.

JAKARTA, Aug 28 (Reuters) - Indonesia's finance minister on Wednesday said she sees growing downside risk to the proposed government target of 5.3% GDP growth for 2020, due to soft global trade and slowing global growth.

"Our economy will be supported by a stable domestic consumption and investment will hopefully rise," Sri Mulyani Indrawati told a parliamentary hearing, adding that she forecast neutral growth for exports, compared to the current trend of annual contraction.

The parliamentary hearing is part of a process to approve the growth target proposal and the rest of 2020 state budget.

(Reporting by Maikel Jefriando Writing by Gayatri Suroyo; Editing by Simon Cameron-Moore)

((gayatri.suroyo@thomsonreuters.com; +622129927609; Reuters Messaging: gayatri.suroyo.thomsonreuters.com@reuters.net))

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