Indonesia cuts 2020 GDP forecast to 2.3%

Omkar Godbole FXStreet Contributor

Indonesia has lowered its forecast for 2020 gross domestic product to 2.3% from 5.3% in the wake of the coronavirus outbreak, according to Bloomberg.

WorldBank said Tuesday that the baseline scenario for Indonesia's growth was 2.1% in 2020, downfrom 5.1% initially projected, if the situation begin to normalize by June, accordign to The Jakarta Post.

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Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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