ID :
57767
Mon, 04/27/2009 - 23:21
Auther :
Shortlink :
https://www.oananews.org//node/57767
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BAPPENAS OPTIMISTIC RI`S ECONOMIC GROWTH TO EXCEED 4 PCT
Jakarta, Apr 27 (ANTARA) - The National Development Planning Agency (Bappenas) is optimistic that the economy will grow by more than 4 percent this year on high domestic demand.
Domestic demand will play a greater role than foreign trade in boosting economic growth, Bappenas First Secretary Syahrial Loetan said here on Monday.
He said the current global economic crisis would greatly affect countries that had relied on exports to the United States and Europe where demand for imports had dropped drastically.
"Because of their high dependence on exports to the US and Europe, most of those countries will see a negative economic growth rate," said Loetan who is also secretary of the state minister for national development planning.
But this was not the case with Indonesia which relied on state budget spending and household consumption to encourage economic growth, he said.
"As such, we still believe that the Indonesian economy will grow by more than 4 percent this year," he said.
Earlier, the International Monetary Fund (IMF) had projected the country's economic growth rate this year at 2.5 percent due to heavy pressure from the global economy.
The global economic downturn would have an impact on developing countries including Indonesia, it said. ***
Domestic demand will play a greater role than foreign trade in boosting economic growth, Bappenas First Secretary Syahrial Loetan said here on Monday.
He said the current global economic crisis would greatly affect countries that had relied on exports to the United States and Europe where demand for imports had dropped drastically.
"Because of their high dependence on exports to the US and Europe, most of those countries will see a negative economic growth rate," said Loetan who is also secretary of the state minister for national development planning.
But this was not the case with Indonesia which relied on state budget spending and household consumption to encourage economic growth, he said.
"As such, we still believe that the Indonesian economy will grow by more than 4 percent this year," he said.
Earlier, the International Monetary Fund (IMF) had projected the country's economic growth rate this year at 2.5 percent due to heavy pressure from the global economy.
The global economic downturn would have an impact on developing countries including Indonesia, it said. ***
