09-May-2025
Economy News
 
Fitch Says 'Challenging' for Indonesia to Grow 5% This Year
08-May-2025

It will be a challenge for Indonesia's economy to grow 5% this year due to the global trade war and softening consumer spending, but a moderation won't put the country's ratings at risk, Fitch's head of Asia-Pacific Sovereigns said on Wednesday. The global ratings agency has trimmed its 2025 growth forecast for Southeast Asia's largest economy by 0.1 percentage point to 4.9%, and sees growth at 4.7% next year. "It will be challenging to meet 5% growth this year as there's a lot of uncertainty globally on economic growth and on the tariffs," Thomas Rookmaaker told Reuters.

News Source:- https://money.usnews.com/investing/news/articles/2025-05-07/fitch-says-challenging-for-indonesia-to-grow-5-this-year