Indonesian economy expected to grow at fastest pace in seven years

Bloomberg

Indonesia’s economy is projected to expand at its fastest pace in seven years in 2020, despite the deteriorating global outlook and rising risks of recession abroad.
The economy is forecast to grow 5.3 percent next year, according to the Indonesian
parliament. Coming after the government twice revised down its growth forecast for this year, it would mark Indonesia’s fastest expansion since 2013.
“A prolonged and escalating trade war between the US and China has created uncertainties that are becoming more unpredictable,” Finance Minister Sri Mulyani Indrawati said. The government’s fiscal policies are aimed at keeping the economy growing above 5 percent but realising growth next year of 5.3 percent amid global slowdown “will be quite challenging and will face downside risks,” she said.