Indonesia's economic growth likely slowed in the fourth quarter as declining commodity and energy prices hit exports, and a widely expected global recession could accelerate the slowdown this year, a Reuters poll found.
Forecasts for gross domestic product growth, due to be released on Feb. 6, ranged from 4.00% to 6.20%.
"Indonesia's economic growth is going to slow in line with the ongoing global slowdown. The ongoing global recession has dampened prices and demand for commodities," Suryaputra Wijaksana, an economist at Bank Central Asia, said. Economists in the poll expected a bleaker outlook as tightening monetary policy and elevated inflation globally risk derailing the world economy.
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