6.3% Growth Expected in 2011

Jakarta Globe, April 28, 2010

The government expects national GDP to grow 6.3 percent for full year 2011, higher than 2010’s forecast of 5.7 percent, Finance Minister Sri Mulyani Indrawati said on Wednesday.

She added that 5 percent inflation was expected with investment growth of 11 percent next year. “Growth will still be dominated by domestic demand,” she said, adding that consumption was expected to grow 5 percent next year.

The economy expanded 4.5 percent last year, making it one of the only Asian countries to post positive growth in a year dominated by the financial crisis. 

Reuters