JAKARTA, May 6 (Xinhua) -- Indonesia's central bank said on Tuesday that the reciprocal tariff policies imposed by the United States will likely impact the country's economy this year.
"Going forward, our economic growth in 2025 is projected to reach the midpoint of the 4.7 to 5.5 percent year-on-year range, influenced by both the direct and indirect effects of U.S. tariff policies," said Ramdan Denny Prakoso, executive director of Bank Indonesia's communication department.
Indonesia's Central Statistics Agency reported on Monday that the Southeast Asian nation's economic growth slowed to 4.87 percent year-on-year in the first quarter of this year, down from the previous quarter. The gross domestic product reached 5,665.9 trillion rupiahs at current prices and 3,264.5 trillion rupiahs at constant 2010 prices. ■
