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Indonesia’s economy to grow by 6.5% in 2011

Bank Indonesia has projected Indonesia’s economy to expand by up to 6.5 percent next year, an increase from this year’s expected 6 percent or more.

The deputy governor of the central bank, Hartadi A. Sarwono, said Wednesday that 2011’s growth would follow the trend of this year’s third quarter, which stood at 5.8 percent, to the fourth quarter, which is expected to reach 6.1 percent.

“Indonesia’s economy will grow by between 6.3 and 6.5 percent, while the inflation rate will be 5 percent, minus 1 percent,” Hartadi said while addressing a seminar titled “2011 Economic Outlook” as reported by Antara.

He added that to achieve the projected growth, the government would have to be able to slow down capital inflow entering and outflow leaving the country.

Source: The Jakarta Post.com