Category Archives: World Bank

World Bank Revises GDP Outlook for Indonesia

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The World Bank dropped its growth outlook for Indonesia’s GDP this year while maintaining its predictions for next year due to an unexpectedly dormant private consumption rate that accounts for over half of Indonesia’s GDP, according to the bank’s latest … Continue reading →

Domination of SOEs Undermines Infrastructure Investment: WB

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The World Bank has raised concerns over the domination of state-owned enterprises (SOEs) in Indonesia’s infrastructure sector, saying the situation deters private sector investments. With 245 infrastructure projects in the pipeline, Indonesia should have served as an attractive destination for … Continue reading →