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January 7, 2009

Indonesian non-oil export growth seen slowing
Indonesia's non-oil-and-gas exports are expected to grow between 4.3 and 8.0 percent this year, amid a global economic slowdown, after rising an estimated 18 percent in 2008, reported Reuters.

Indonesian Trade Minister Mari Pangestu said Tuesday that the slowdown is because of the global economic situation and the recent development in commodity prices.

Southeast Asia's biggest economy, a top producer of tin, palm oil and other commodities, has been hit by the global slowdown.

Exports slumped, the rupiah fell to a decade low against the dollar, and growth prospects have dimmed.

Indonesia previously reported that non-oil-and-gas exports for January-November 2008 totalled $100.45 billion, up 20.18 percent from $83.59 billion in the same period 2007.

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