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Jakarta Post

Indonesia's promising economic outlook 2009

  • Cyrillus Harinowo

Jakarta   /   Tue, September 2 2008   /  10:20 am

In the coming weeks, most corporate businesses will start preparing their budgets. Some with more extensive operations and networks have in fact started the drafting process directly after the President's Aug. 16 speech before Parliament. During this process much time is devoted to predicting the direction of the economy. Will next year be bullish, as we are now experiencing, or will it be affected by the global downturn? In his presidential address, President has outlined the government's predictions about next year's economic prospects. The most important number is the 2009 economic growth target: 6.2 percent. The nominal gross domestic product (GDP) has also been specified at Rp. 5,000 trillion (US$547 billion). To compare with 2008 figures, first quarter GDP rate of growth was 6.3 percent, second quarter, 6.4 percent. The nominal GDP was Rp. 1,126.8 trillion in...