Indonesia’s economy may expand above 5 percent in the first three months this year on the back of stronger exports and investment, the Central Statistics Agency (BPS) said.
“So a small increase in exports will result in a high percentage. And those drive economic growth in the first quarter of 2010. I’m optimistic a 5 percent (growth) is achievable,” he said before a meeting at the State Palace. The central bank last week revised up its growth forecast in 2010 to between 5.5 percent and 6 percent, and 6 percent to 6.5 percent in 2011.(IM)