Business

Growth may reach 7 percent
in 2011: Minister

Indonesia's economy may grow by as much as 7 percent in 2011 as it recovers from the impacts of the global financial crisis, Finance Minister Sri Mulyani Indrawati said Monday.

"The potential to reach 7 percent is always there and possible," she said. "We are not too ambitious. In 2010 the economy may still have its ups and downs, and in 2011 when the consolidation is done, it may start to recover."

Mulyani said the world's economy might see a recovery by 2011, depending on the relationship of the US and China, which could shift the pattern of trade and investment globally.

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