Sign up | Log in



Home  >>   Daily News  >>   Indonesia  News  >>   economy  >>   Indonesia's GDP predicted at 6.3percent in 2011
NEWS UPDATES 16 August 2010

Indonesia's GDP predicted at 6.3percent in 2011

Related Stories

August 14, 2010
Cheap rice to be distributed to Indo poor

August 2, 2010
U.S. firm produces more Indo copper, gold

July 5, 2010
Bank Indonesia moves on inflation

Indonesia’s government projects that Indonesia's economic growth will rise to 6.3 percent in 2011, from an estimated 6 percent this year and 4.5 percent last year.

On Monday, President Susilo Bambang Yudhoyono said that Indonesia booked a better-than-expected economic growth in the first half of this year.

Indonesia's economy grew by 5.7 percent in the first quarter of this year and 6.2 percent in the second quarter.

"This high economic growth has been supported by improving exports, returning investment as well as the continuing high domestic consumption," Yudhoyono told the joint session of the House of Representatives and the Regional Representatives Council on Monday.

He predicted that economic growth would eventually reach 6 percent this year, higher than the government's initial projection of 5.8 percent.

In addition to the economic growth for next year, Yudhoyono also revealed a number of assumptions for the 2001 state budget; inflation rate at 5.3percent, interest rate for three-month Bank Indonesia promissory notes at 6.5 percent per annum, rupiah-dollar exchange rate at Rp 9,300 per U.S. dollar, crude oil price at US$80 per barrel and oil production at 970,000 barrels per day.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand