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Jakarta Post

Economy may grow 4.6% in 2nd half of 2009: Mulyani

  • Aditya Suharmoko

    The Jakarta Post

Jakarta   /   Wed, July 1 2009   /  12:32 pm

Indonesia's economy may expand 4.6 percent in the second half of this year, bringing full-year growth to 4.3 percent, helped by external factors that improve trade and investment. The global economy is estimated to recover in the second half of 2009, increasing global demand, which will boost trade, while investment may also improve as the liquidity crunch eases, Finance Minister Sri Mulyani Indrawati said Tuesday. "Household consumption growth will be maintained at about 5 percent *to bolster growth*," Mulyani said at a hearing with the House of Representatives' budget committee, while presented a second revision to the 2009 state budget, aiming to better manage recent developments in the global economy. Under the revision, government spending will also be pushed to spur growth. The economy may have expanded 4.1 percent in the first half of this y...