Business

Q1 growth may reach 5.5 pct, Finance Ministry says

Aditya Suharmoko, The Jakarta Post, Jakarta | Wed, 03/17/2010 5:35 PM
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Indonesia's economy may expand between 5.3 percent and 5.5 percent in the first quarter this year, supported by stronger investment and exports, Finance Minister Sri Mulyani Indrawati said on Wednesday.

"Investment has begun to recover, and exports have become positive. Consumption remains strong," she said at the Directorate General of Taxation.

Mulyani said the growth may even be higher than 5.5 percent as central banks continue to maintain interest rates to spur growth. "There are tendencies for an exit policy in the second semester this year. But now their stance remains (in maintaining rates)," she said.

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