Bank Indonesia predicted GDP growth of 4.8-4.9% in 4Q

Bank Indonesia (BI) predicted Indonesia’s economy to grow at 4.8-4.9% yoy in 4Q which in turn will bring the total growth in 2015 at 4.7-4.8%. BI also mentioned that the growth in 3Q improved only slightly as the private investment in non building sector remained soft. In addition, BI also projected the inflation to reach 0.13% mom in November and 0.5% in December. As a result, the inflation will be below 3% yoy in end of 2015.

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