Indonesia’s 2012 Economic Growth May Slow to 5.8%: Stanchart
January 11, 2012, 2:24 AM ESTBy Hidayat Setiaji
Jan. 11 (Bloomberg) -- Indonesia’s economic growth may slow to 5.8 percent this year from an estimated 6.5 percent in 2011 as the global slowdown results in less foreign direct investment to the country and as exports drop, Standard Chartered Plc said in a presentation paper distributed in Jakarta today ahead of an outlook seminar.
Standard Chartered expects Bank Indonesia to cut the benchmark interest rate in the first quarter by a quarter percentage point to 5.75 percent, and hold it at that rate through the end of the year, according to the paper.
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
