{
    "success": true,
    "data": {
        "id": 6776,
        "msgid": "indonesian-inflation-to-hit-14-1144455780",
        "date": "2006-04-08 07:23:00",
        "title": "Indonesian inflation to hit 14%",
        "author": "",
        "source": "AT",
        "tags": "business",
        "topic": null,
        "summary": "Apr 8, 2006 Indonesian inflation to hit 14% JAKARTA - Asian Development Bank (ADB) predicts that Indonesian inflation will reach 14% this year, far exceeding the government's target of 8%. However, a sharp decline to 7.5% is expected in 2007, Country Director of ADB in Indonesia Edgar A Cua said. ADB economist Amanah Abdulkadir predicted high prices of oil and weak rupiah toward the end of this year will keep the inflation high this year.",
        "content": "<p>Apr 8, 2006<br>\n\t<br>\nIndonesian inflation to hit 14%<\/p>\n<p>JAKARTA - Asian Development Bank (ADB) predicts that Indonesian inflation will reach 14% this year, far exceeding the government's target of 8%.<\/p>\n<p>However, a sharp decline to 7.5% is expected in 2007, Country Director of ADB in Indonesia Edgar A Cua said.<\/p>\n<p>ADB economist Amanah Abdulkadir predicted high prices of oil and weak rupiah toward the end of this year will keep the inflation high this year.<\/p>\n<p>Amanah said the country's economy is expected to expand only by 5.4% this year lower than the government's target of 6.2% and in 2007, the growth rate is estimated to rise to 6%.<\/p>\n<p>The success in achieving the target will depend much on the success in implementing the government's program in infrastructure development, she said.<\/p>\n<p>Meanwhile, principal economist of ADB Ramesh Subramaniam said Indonesia needs foreign investment to boost its economic growth by 6%-7%.<\/p>\n<p>Subramaniam pointed out in the next five years the country needs US$150 billion to build its infrastructure while, banks could provide only 20% and the government 13% of the fund requirement.<\/p>\n<p>(ANTARA\/Asia Pulse)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/indonesian-inflation-to-hit-14-1144455780",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}