News

Indonesian Vice FinMin: Govt to continue to support economic growth momentum after sluggish Q3 GDP

While speaking at a banking conference on Wednesday, Indonesian Vice Finance Minister Suahasil Nazara said that his government will continue to support economic growth momentum using the state budget, per Reuters.

Additional Quotes:

Indonesia's economic growth at 5.02% in the July-September quarter "should provide optimism because many other countries are slowing more severely".

"We will use the state budget to manage and maintain economic growth momentum.”

"At a time of slowdown like now, we use the state budget as our support."

This comes a day after Southeast Asia's largest economy grew at the slowest pace in over two years.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.