Home > Uncategorized > Indonesia’s Economy Cools a Bit

Indonesia’s Economy Cools a Bit

Still, 6% growth is faster than most countries. 

Growth in Southeast Asia’s largest economy will probably slow to 5.9 percent, from an earlier forecast of 6.2 percent, according to a quarterly report released in Jakarta today. The Washington-based lender also lifted its annual inflation forecast to 7.2 percent, after the government raised fuel prices last month.

The government isn’t actually raising fuel prices, though…it’s removing (only part) of a subsidy that makes fuel cheaper than the market would otherwise value it at. 

Journalists often write imprecisely about prices and subsides. 

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