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NEWS UPDATES 14 October 2009

Indonesia expects investment to grow in Q3

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The government predicts that investment in the country will begin to increase in the third quarter of 2009 and play a role in national economic growth, state news agency Antara quoted a cabinet minister as saying.

"Investment is expected to increase but it is likely not more than five percent," Acting Chief Economic Minister Sri Mulyani said here on Tuesday.

She said that the composition of economic growth contributors in the third quarter would not be much different from those in the second quarter of 2009.

"The consumption growth will likely be at five percent, investment possibly will be higher while exports are predicted to be still in negative growth," the minister said. Mulyani said that for export, its negative growth would likely be reduced from 19 percent to about 10 percent.

"We will see its composition from the aggregate demand, while the government expenditure will likely be unchanged or remain negative like that last year," she said.

The government predicts that the economic growth would be at about 4.1 to 4.3 percent. In the fourth quarter of 2009, the economic growth is estimated to reach 4.5 percent.


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