Thu, 11 Feb 2010

Jakarta (ANTARA News) - Finance Minister Sri Mulyani Indrawati has predicted Indonesia`s exports and imports as the engine of its economic growth will recover earlier than expected.

"From the external point of view it seems our exports and imports would recover earlier than expected," she said after a leadership meeting at the Capital Market and Financial Institutions Supervisory Board (Bapepam-LK) building here on Wednesday.

She said the high economic growth in the fourth quarter of 2009 indicated that exports and imports performed well.

The domestic economy last year grew 4.5 percent, or 0.2 percent higher than the government-set target of 4.3 percent, she said.

The higher-than-projected economic growth suggested that the economic growth in the fourth quarter of 2009 was relatively high, she said.

"The figure means that the fourth-quarter growth was extraordinary. And this serves as the basis for our evaluation at our meeting earlier today to see which factors will support (the economic growth)," she said.

The Central Statistics Agency (BPS) said earlier the domestic economy grew 4.5 percent last year with the transportation and communication sector recording the highest growth of 15.5 percent and the trade, hotel and restaurant sector the lowest growth of 1.1 percent.

On a quarterly basis, the country`s gross domestic product (GDP) in the fourth quarter of 2009 fell 2.4 percent from a quarter earlier and grew 5.4 percent from the same period of 2008, the agency said.(*)