Mon, 15 Nov 2010

Jakarta (ANTARA News) - The Indonesian economy is projected to grow at a 6.8-7.8 percent pace in 2015 with the inflation rate tending to decline and fundamental factors continuing to improve, Bank Indonesia said.

The most important fundamental factor is that capital growth has returned to normal after the 2008 global economic crisis and the government`s corrective measures on the structural side to speed up efforts to increase productivity and economic efficiency, the central bank said in its 2010-2015 Indonesian economic outlook, a copy of which was made available on Sunday.

The central bank predicts the economy will grow 5.5-6.0 percent in 2010, 5.8-6.8 percent in 2012, 6.1-7.1 percent in 2013 and 6.6-7.6 percent in 2014.

Exports have been projected to grow slightly at a range of 10.4-11.4 percent in 2015 from 8.1-9.1 percent in 2010 as a result of the slow global economic recovery shadowed by pressure on currencies due to the absence of balanced global economic recovery, the report said.

The central bank predicts exports of goods and services to grow 11.4-12.4 percent in 2010, 8.2-9.2 percent in 2012, 8.4-9.4 percent in 2013 and 10-11 percent in 2014.

Meanwhile, imports are expected to grow to 11.5-12.5 percent in 2015 from 10.7-11.7 percent in 2011. BI has projected imports to grow 16.1-17.1 percent in 2010, 11.3-12.3 percent in 2012, 10.1-11.1 percent in 2013, and 11.2-12.2 percent in 2014. (*)