JAKARTA, Feb 7, Jakarta Post/ANN -- The government's economic growth target in 2020 is unrealistic given last year’s sluggish economic expansion and looming risks from the coronavirus outbreak, economists have said. Institute for Development of Economics and Finance (Indef) economist Abdul Manan Pulungan said the global uncertainty that hampered global growth last year would continue this year, adding that there was no sign that Indonesia’s exports would pick up. Throughout 2019, Indonesia’s economy grew 5.02 percent, the slowest since 2015. “Economic growth below 5 percent in 2020 should not be ruled out, ” Bank Central Asia chief economist David Sumual told The Jakarta Post on Wednesday. “The coronavirus outbreak will lower foreign investment from China and also lower China’s demand for Indonesia’s commodities.”

Source: The Star February 07, 2020 04:07 UTC