RI economy to expand above 5 pct in Q1: BPS

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.

BPS head Rusman Heriawan said with a low baseline of growth components in 2009, an increase in the components would significantly drive the economy this year.

“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)

Digg This
Reddit This
Stumble Now!
Buzz This
Vote on DZone
Share on Facebook
Bookmark this on Delicious
Kick It on DotNetKicks.com
Shout it
Share on LinkedIn
Bookmark this on Technorati
Post on Twitter
Google Buzz (aka. Google Reader)

Leave a Reply

Your email address will not be published. Required fields are marked *