Bali economy to grow 6 percent

Bali’s economy is predicted to grow by 6 percent in 2011 and will likely grow higher, an official said.

Bank Indonesia Bali chapter chief Jeffry Kairupan said that inflation rates in Bali remained high even though BI increased its rate to 6.75 percent.

According to the Bali Statistic Bureau Office, the island’s economy grew 5.83 percent, or 0.7 percent higher than targeted growth, in 2010 Kairupan said trade, hotels and restaurants would remain the island’s economic drivers in 2011. — JP