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Jakarta Post

Economy may grow by 4.6% in Q1, supported by elections

  • The Jakarta Post

JAKARTA   /   Wed, April 8 2009   /  12:09 pm

Stimulating election: A worker in a small T-shirt production house in Jakarta arranges the products ready to hit the streets. Finance Minister Sri Mulyani Indrawati predicted Tuesday Indonesia has grown by 4.6 percent in the first quarter from a year earlier, as elections helped stimulate the economy. JP/P.J. Leo The economy may have grown by 4.6 percent in the first quarter of the year from a year earlier, as the elections helped pushed up consumption, the finance minister says. Consumption remains the largest contributor to Indonesia’s economy, making up about 70 percent of the GDP. Finance Minister Sri Mulyani Indrawati told reporters Tuesday that a number factors in the first three months of the year had helped boost consumption, such as the campaign for the general elections, fuel price cuts, and salary increase for state employees. “Almost all political p...