Sat, 30 May 2009
TEMPO Interactive, Jakarta:The government has concluded that efforts to prevent investments from plummeting and to put export-imports back to the level they were previously in, are the biggest challenges in maintaining positives trend in economic growth.


Finance Minister and Acting Coordinating Minister for the Economy, Sri Mulyani Indrawati, said even though economic growth in the first trimester of 2009 was better than expected, the performance of investment and international trade was negative.


“The previous economic growth was generated more by consumer spending,” Sri said at a hearing with the Finance and Banking Commission at the House of Representatives (DPR), Thursday.


Sri said that economic growth in the first quarter of 2009 showed a 4.37 percent improvement, better than expected by some multilateral institutions that felt pessimistic about the government’s 4.3 4.8 percent projection could be achieved. The growth has been supported by government spending of 19.35 percent and 5.84 percent of household consumption.


Based on the Central Bureau of Statistics(BPS) data, the two factors that generated economic growth tended to rise. However, data on investment indicated a very low growth of 3.51 percent, a 9.14 percent drop from the previous quarter. Worse, export and imports went ominously low, from 10 to 1 percent and minus 24.1 percent, respectively.


AGOENG WIJAYA



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