Indonesia 2nd quarter GDP growth likely exceeded 1st quarter

Jakarta (Antara News) - The Indonesian economy likely grew more strongly in the second quarter than the first, on the back of higher levels of realized domestic and foreign investment, Coordinating Minister for the Economy Budiono.

In the first quarter to March GDP rose 6.0 pct year-on-year

"I'm optimistic second quarter GDP growth (year-on-year) will be higher than in the first," Budiono was quoted by XFN Asia as telling reporters, without providing any specific figure.

Foreign direct investment (FDI) approvals by value in the first quarter rose almost six-fold to 14.13 bln usd from 2.36 bln a year ago, while domestic approvals also rose sharply to 77.15 trln rupiah from 16.1 trln. (*)
_________________________
Jawawa.net: Indonesian Business and Investment News Aggregator