BI: Realistic 2008 Economic Growth 6.5 Percent
Thursday, 04 October, 2007 | 17:10 WIB

Tempo Interactive, Jakarta: Bank Indonesia (BI) considers that a realistic target for next year’s economic growth is 6.5 percent.

Miranda S. Goeltom, BI’s Deputy Senior Governor, said that the target for next year’s economic growth must take several matters into account.

From its data and calculations, BI set growth at between 6.3 and 6.8 percent.

“There are several conditions for growth to be higher, such as infrastructure improvements and also more credit,” said Miranda after a fasting break with reporters at the BI office, Wednesday (3/10).

According to Miranda, the central bank will still pay attention to mid-term conditions, including world’s oil price jumps.

For the government’s budget and balance of payment, these increases are beneficial.

Yet, oil price increases cannot only be seen from balance of payment and budget only, because these increases can also disrupt other matters.

For instance, she said, economic growth that was too high would hamper developed countries’ economies.

As a result, said Miranda, “Indonesia’s export could be disturbed. So we must take other factors into account.”

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