RI`s economy to grow 6 pct this year: analysts
Taipei, (ANTARA News) - Citi Corp analysts predicted Thursday the Indonesian economy will grow 6 percent in 2008 after the Central Bureau of Statistics (BPS) announced earlier in the day the country`s economy expanded 6.36 percent in the first half of this year.
The first-half economic growth rate came as a surprise as it exceeded the economic growth rate forecast of 6.1 percent, the analysts said in a press statement.
The higher-than-expected economic growth lowered the risks of foreign and domestic demands, they said.
They predicted the Indonesian economy would grow at a moderate level this year amidst the current global economic slowdown.
The BPS announced on Thursday the Indonesian economy expanded 2.44 percent in the second quarter of 2008, bringing the economic growth rate in the first half of this year to 6.36 percent and the year-on-year economic growth rate to 6.39 percent.
The BPS noted that three sectors saw higher growth in the second quarter of 2008 than in the previous quarter. They are the agricultural sector which expanded 5.08 percent, the transportation and communications sector 4.1 percent and the electricity, gas and clean water sector 3.6 percent.(*)
The first-half economic growth rate came as a surprise as it exceeded the economic growth rate forecast of 6.1 percent, the analysts said in a press statement.
The higher-than-expected economic growth lowered the risks of foreign and domestic demands, they said.
They predicted the Indonesian economy would grow at a moderate level this year amidst the current global economic slowdown.
The BPS announced on Thursday the Indonesian economy expanded 2.44 percent in the second quarter of 2008, bringing the economic growth rate in the first half of this year to 6.36 percent and the year-on-year economic growth rate to 6.39 percent.
The BPS noted that three sectors saw higher growth in the second quarter of 2008 than in the previous quarter. They are the agricultural sector which expanded 5.08 percent, the transportation and communications sector 4.1 percent and the electricity, gas and clean water sector 3.6 percent.(*)