Sun, 03 May 2009
Aditya Suharmoko, The Jakarta Post, Jakarta

Indonesia's economy is estimated to pick up in the second quarter next year as exports start to move up after diminishing this year, according to the Asian Development Bank (ADB).

"Export demand will be a major driver (for the economic pickup). But our recommendation is all Asia should try to rebalance exports and domestic demand," ADB managing director general Rajat M. Nag said in an interview Saturday.

Rajat forecast Indonesia's economy to drop to 3.6 percent this year, from a 6.1 percent growth in 2008, with an inflation rate of 6.3 percent.

He expected the economy would reach a 5 percent growth next year as the world economy began recovery from the global financial crisis.

Indonesia aimed for the economy to grow by between 5 percent and 6 percent next year, said Finance Minister Sri Mulyani Indrawati.



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