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Indonesia's slowing growth pressures Jokowi to speed reforms

President's inauguration on Sunday comes as nation struggles to lure investors

Indonesian President Joko "Jokowi" Widodo has set a growth target of 5.3% for 2020, promising an array of reforms to attract foreign investment and nurture export industries.   © Reuters

JAKARTA -- Indonesian President Joko "Jokowi" Widodo's biggest test as his second five-year term begins on Sunday is to reignite the nation's sputtering economy.

The outlook is dim. The World Bank said this month that the country's growth rate could slow to 5% this year, while in a separate report in September, it said weak productivity and slowing workforce hires could trim the potential growth rate to 4.9% next year. This increases pressure on policymakers to push through reforms -- rather than rely on resource exports -- to get the economy back on track.

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