Jakarta, Dec. 5 -- Vice Finance Minister Suahasil Nazara has projected Indonesia's economy to register a slower paced growth in 2019 as compared to the previous year owing to the impact of the global economic downturn.

Indonesia's economy is expected to grow at 5.05 percent in 2019 than 5.17 percent last year, he remarked during the Mandiri Market Outlook 2020 in Jakarta on Wednesday (Dec 4, 2019).

In just the third quarter of 2019, the national economy grew 5.02 percent year-on-year (yoy).

The 5.02-percent growth is an optimistic target as the economies of peer nations, including India and China, experienced deeper economic slowdown, he pointed out.

The outlook for economic growth has been revised down by multilateral financial insti...