ID :
17257
Thu, 08/28/2008 - 11:22
Auther :
Shortlink :
http://m.oananews.org//node/17257
The shortlink copeid
RI'S ECONOMIC GROWTH TO EXCEED 6.2 PCT IN 2009: BI
Jakarta, Aug 27 (ANTARA) - Bank Indonesia (the central bank/BI) predicts Indonesia's economic growth rate in 2009 will exceed the government-set target of 6.2 percent if the country does not experience any significant shock and can diversify its export products.
"The assumed economic growth rate of 6.2 percent for 2009 is quite realistic. We believe it can be achieved and higher than 6.2 percent," BI Governor Boediono said at a working meeting with the House Budgetary Committee here on Wednesday.
Economic growth in 2009 growth would hopefully be driven by public consumption and investment, he said.
Public consumption was expected to increase in line with declining inflation and rising economic activities in the runup to the 2009 general elections, he said.
"The rise in public consumption will eventually serve as an incentive for the business world to make investment. Investment will increase on optimism about the rise in the number of infrastructure projects," he said.
Exports would continue to contribute to the economic growth though they would grow at a slow pace, he said.
The sluggish export growth had to do with external factors particularly a global economic slowdown and international commodity prices, he said.
Likewise, imports were expected to slow down next year, he said.
"Imports will grow at a lower pace than exports because the imports will be used not only to produce export goods but also to meet consumption and investment at home," he said.
"The assumed economic growth rate of 6.2 percent for 2009 is quite realistic. We believe it can be achieved and higher than 6.2 percent," BI Governor Boediono said at a working meeting with the House Budgetary Committee here on Wednesday.
Economic growth in 2009 growth would hopefully be driven by public consumption and investment, he said.
Public consumption was expected to increase in line with declining inflation and rising economic activities in the runup to the 2009 general elections, he said.
"The rise in public consumption will eventually serve as an incentive for the business world to make investment. Investment will increase on optimism about the rise in the number of infrastructure projects," he said.
Exports would continue to contribute to the economic growth though they would grow at a slow pace, he said.
The sluggish export growth had to do with external factors particularly a global economic slowdown and international commodity prices, he said.
Likewise, imports were expected to slow down next year, he said.
"Imports will grow at a lower pace than exports because the imports will be used not only to produce export goods but also to meet consumption and investment at home," he said.
