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NEWS UPDATES 12 July 2009

Indonesia expects growth to hit 6% in 2010

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Indonesia's economic growth in 2010 may increase to 6 percent, compared to last year's 4.5 percent.

"The increase in economic growth in Indonesia was triggered by the declining inflation rate from 8 percent in 2008 to 3.6 percent in 2009, and the appreciation of the rupiah against the US dollar in line with the increase in stock market index," Antara news agency quoted Commissioner of BII Maybank as saying at the Jakarta Fair in Kemayoran Friday.

He added that the prospect of the Indonesian economy is good in 2010 as economic growth reached 6 percent, public consumption 5 percent, government spendings 15 percent, investment 5 percent, exports 8 percent, and imports 9 percent.

Then agriculture increased 3.5 percent, mining 2.5 percent, industry 4 percent, water, electricity and gas 10 percent, construction 7 percent, trade 6 percent, transpportation and communications 10 percent, finance 6 percent, services 6 percent, and the GDP 6 percent.

"In the current global economic crisis Indonesia's economic prospects are good compared to those of Malaysia, Thailand, and Singapore. Indonesia is at the same footing as China, India, and the Philippines in the economy," he said.

He added that in 2010 the average increase in Indonesia's economy compared to 2009 is the effects of agriculture, mining, industry, water, electricity and gas, construction, trade, finance, services, and the GDP up from 0.5 percent to 4.5 percent from 2009.

"Only transportation and communications underwent a drop to 6 percent in 2010 compared to 2009," he said.

He added that one of the inputs for the government is that it needs to be more inclined to the real sector, not the credit sector, like housing.



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