Indonesian Political, Business & Finance News

Archive: 10 January 2006

1 article found

Guerin/Indonesia hypes the economy

Indonesia hypes the economy By Bill Guerin JAKARTA - Despite current unfavorable economic indicators, optimistic 2006 budget parameters set by the Indonesian government assume the country's US$280 billion economy will grow by 6.2% to $304 billion, and that inflation will be pegged at about 8%, as will interest rates be pegged. The central bank, meanwhile, predicts the economy will grow 5-5.7%, similar to last year.