According to the World Economic Outlook (WEO) Update released in July 2019 by the International Monetary Fund (IMF), the growth rate of the global economy is projected to decelerate to 3.2 percent in 2019 but pick up to 3.5 percent -- about the same  1  level as the past average -- in 2020; however, these projections were revised downward from the previous ones made in the April 2019 WEO, marking the fourth consecutive downward revision.
* * * Distinguished speakers, ladies and gentlemen, It is such a great pleasure to join in today’s seminar, which will address Indonesia’s financial market and its further development. This particular topic, I believe, become more relevant and crucial for Indonesian economy. In the last couple of decades, we all have been witnessing on the role of the financial market in many economies.