Bloomberg News

Indonesia 4Q Growth of 6.7% Is Possible, ADB’s Ginting Says

November 24, 2011

Nov. 24 (Bloomberg) -- Indonesia’s fourth-quarter gross domestic product can expand 6.7 percent if the government boosts spending and consumer demand and invesment remain high, Edimon Ginting, senior country economist for the Asian Development Bank, said in Jakarta today. Full-year growth could reach 6.6 percent, he said.

Bank Indonesia lowered its fourth-quarter economic growth forecast to 6.6 percent from a previous estimate of 6.7 percent due to the global slowdown, Perry Warjiyo, director of economic research and monetary policy, said Nov 15.

To contact the reporter on this story: Hidayat Setiaji in Jakarta at hsetiaji@bloomberg.net

To contact the editor responsible for this story: Greg Ahlstrand at gahlstrand@bloomberg.net


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