CIMB Cuts Forecast On Indonesia 2014 GDP Growth

        0211 GMT [Dow Jones] CIMB cut its forecast on Indonesia's economic growth for 2014 to 5.4% from 5.6% after deeper-than-expected slowdown during the first quarter. "While we had expected growth to bottom out in 1H14, the deceleration in 1Q14 was sharper than we had envisioned, as the delayed impact of the rupiah depreciation and tighter monetary policy took effect," it says. However, it still maintains its forecast for 2015 at 5.7%. Economists said any growth below 6% for Indonesia may boost the unemployment number. (I-made.sentana@wsj.com)
        (END) Dow Jones Newswires

        May 05, 2014 22:11 ET (02:11 GMT)