Economy well on track, says finance minister

JAKARTA (JP):With encouraging increases in consumption, exports and investment during the first three months of this year, the Indonesian economy is well on track for higher growth, Finance Minister SriMulyani says.

Speaking to reporters following a meeting with Coordinating Minister for the Economy Boediono and Bank Indonesia Governor Burhanuddin Abdullah, the finance minister said that she was upbeat the economy would turn out to have grown by between 5.7 and 5.9 percent during the first three months.

This would be higher than both 2006's 5.0 percent first-quarter growth, and 5.5 percent full-year growth.

"Things are generally improving in all areas of the economy that contribute to growth," Mulyani said.

She said that personal consumption probably increased by 10 percent, investment by more than 10 percent and exports by more than 19 percent during the first quarter.(Urip)
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