Jakarta, Aug. 16 -- Indonesia's government targets a 5.3-percent economic growth in 2020 by boosting consumption and investment while maintaining the inflation rate at 3.1 percent, President Joko Widodo (Jokowi) stated here, on Friday. The head of state made the remark in his annual state budget speech, a day before the commemoration of the Independence Day, at the legislative complex in Jakarta.
The growth target and inflation rate were among the four assumptions of the country's macroeconomy in 2020.
In his state budget speech on the 2020 fiscal year, the president also forecast that amid the global economic slowdown, the rupiah exchange rate stood at Rp14,400 against the US dollar.
Despite the slowdown, the Indonesian government remai...