# IMF Kirim Kisah Sedih, Rupiah Tembus Rp 14.500/US$ Lagi

> The IMF cut its 2021 growth forecast for ASEAN-5 to 4.3% from 4.9% in its World Economic Outlook, citing Covid-19 and slow recovery, while raising its US forecast to 7%. The rupiah weakened back to 14,500 per dollar on July 28 as the growth divergence weighed on it.

- Date: 2021-07-28 · published 2021-07-28T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/46388-imf-kirim-kisah-sedih-rupiah-tembus-rp-14-500-us-lagi
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Weaker Indonesian growth prospects reduce expected feed demand from the country's poultry and livestock sectors, while the weaker rupiah raises the local cost of dollar-priced feed imports.

## Sources

- cnbcindonesia.com: https://www.cnbcindonesia.com/market/20210728092927-17-264191/imf-kirim-kisah-sedih-rupiah-tembus-rp-14500-us--lagi

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.