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Macroeconomic indicators - Indonesian economy to grow at over 6pct in Q3 2011
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Saturday, 27 Aug 2011
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The Jakarta Post reported that the government expects Indonesia’s economy to grow at least 6.5% in the July to September 2011 period despite an anticipated slowdown in the global economy.

Mr Agus Martowardojo finance minister said that this growth would be supported by surging realization of investment on the back of improved disbursement in infrastructure projects. He added that "The global economy is going downward, but we will be better. All is in a good shape, economic growth, inflation and the exchange rate."

Indonesia maintained an economic growth level of 6.5% in the first two quarters of this year while its Asian neighbors were facing speed bump woes over potential overheating and inflationary threats and when developed economies were slowing down.
Inflation also continued to decline to 4.61% in July 2011 and the rupiah, Asia's second best performing currency, has appreciated around 5% in 2011.

Mr Agus said that "But we should pay attention on oil and gas exports and imports as these have affected the reduction of our current account surplus."

(Sourced from www.thejakartapost.com)

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