Indonesia's economic growth to reach 4% in Q3: experts

17:01, November 07, 2009      

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Indonesian economists estimated that the country's economic growth would reach 3.9-4 percent in the third quarter, lower than the government's initial estimation of 4.1-4.2 percent, local media reported here on Saturday.

"We expected economic growth to have accelerated in the third quarter this year to 4.05 percent on year-on-year basis," Bank Danamon Economists Anton Gunawan and Helmi Arman said, adding that consumption, investment and export growth may have improved.

They said year-on-year growth in investment might have started to increase in the third quarter this year, as cement consumption and commercial vehicle sales had risen.

They also said that household spending might have increased tooas retail sales growth had climbed.

Earlier reports said that Finance Minister Sri Mulyani upgraded the government's economic growth estimation to a range of 4.6-4.7 percent in the final quarter this year with Q3 growth estimation ranging from 4.1 to 4.2 percent.

Sri said that Indonesian economic might have encountered slow growth in the third quarter due to high year basis. According to the finance minister, the full-year growth may reach 4.3 percent.

Source: Xinhua
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