ADB Trims Indonesia’s 2012 Economic Growth Forecast

The Asian Development Bank cut its economic growth forecast for Indonesia this year to reflect slowing export growth. Manila-based ADB, whose mission is to promote growth and alleviate poverty in the region, sliced Indonesia’s economic growth outlook by one-tenth of a percentage point to 6.4 percent. It made the original forecast, 6.5 percent, in November 2011.