IMF lowers economic growth projection for Indonesia in 2021
The International Monetary Fund (IMF) has downgraded Indonesia’s economic growth projection to 4.3 percent in this year, down 0.5 percentage point compared to its forecast in February.
Jakarta (VNA) - The International Monetary Fund(IMF) has downgraded Indonesia’s economic growth projection to 4.3 percentin this year, down 0.5 percentage point comparedto itsforecast in February.
The IMF also predicted that the five largest economies in Southeast Asia:Indonesia, Malaysia, the Philippines, Thailand and Vietnam, will collectivelygrow by 4.9 percent in 2021, down from the previous estimation of 5.2 percentdue to the increasing number of COVID-19 infections in the region.
However, the IMF raised its growth forecast for the Asia-Pacific region from7.3 percent to 7.6 percent in the same year. It also raised its 2021growth projection for the global economy from 5.5 percent to 6 percent.
The IMF is the only multilateraleconomic organisation so far to lower its Indonesia’s economic growth outlookfor this year.
Previously, the World Bank held its GDP growth projection for Indonesia at 4.4percent for 2021, while the Organisation for Economic Cooperation andDevelopment (OECD) raised its projection by 0.9 percentage points to 4.9percent./.
The Indonesian Ministry of Energy and Mineral Resources (ESDM) has set the goal of attracting 34.8 billion USD in energy, oil and gas, and mining this year to propel economic growth and create jobs.
Indonesian Minister of Law and Human Rights Yasonna Laoly has urged ASEAN nations to strengthen legal integration in order to get their voices heard in the international community.
Indonesia’s export value hit 18.35 billion USD in March, the highest level since the 18.64 billion USD posted in August 2011, according to the Statistics Indonesia (BPS).
The package, endorsed on June 24, comprises 481 projects designed to boost GDP by an additional 0.4% and generate temporary employment for about 7.4 million people nationwide.
An Indonesian official emphasised that energy security is extremely essential amid global geopolitical and economic fragmentation, highlighting the need for the energy industry to strengthen resilience and responsiveness in the face of fluctuating oil prices and the shift to clean energy.
ASEAN must deepen collaboration through platforms such as the ASEAN Senior Officials Meeting on Transnational Crime (SOMTC) to ensure regional responses keep pace with the rapidly evolving cyber threat landscape.
Speaking at the launch of the Indonesia Economic Prospects June 2025 edition on June 23 in Jakarta, Turk noted that Indonesia’s gross domestic product (GDP) expanded 4.9% in the first quarter of 2025 compared to the same period last year.
Anti-dumping duties will continue to be imposed on producers from China and Japan while those on relevant exporters from the RoK and Vietnam will be terminated, starting from June 23.
A specialist police unit has acquired a fleet of off-road vehicles to help officers navigate rough, unpaved terrain – and flood waters – to respond more quickly to public security incidents.
The pact covers goods, services, investments, intellectual property rights, customs facilitation, competition policy, sanitary and phytosanitary, trade and sustainable development, government procurement and economic cooperation.
The talent programmes mark another milestone in the technical partnership between PETRONAS and the Energy Institute, which focuses on three pillars: promoting decarbonisation and operational excellence through innovative solutions, enabling informed decision-making with expert advice, and nurturing the next generation of energy professionals.
The firefighters found an active blaze at the lorry depot located in the city of Pasir Gudang near the state capital of Johor Bahru, with flames spreading quickly due to strong winds and igniting a neighboring disused oil storage area.
Investigators believe the operation is part of a broader scam network involving romance scams, where victims are lured into fake relationships and persuaded to transfer money.
Ambassadors, Consuls General, along with staff and their families, joined traditional sports and cultural activities of Southeast Asia and performances bearing regional identity, thus contributing to strengthening unity and the ASEAN community spirit in New York.
In his post on social media the same day, Hun Manet said energy companies would be able to import sufficiently from other sources to meet domestic fuel and gas demands in the country.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
A corner of Jakarta capital (Photo: AFP) 
