Economy expected to grow by 6% y/y in Q2/2010: World Bank.

By bne IntelliNews June 24, 2010
The Indonesian economy is expected to grow by 6% y/y in the second quarter this year after recording an expansion of 5.7% in the first quarter. As reported by Xinhua News Agency, Subham Chaudhuri, chief economist of World Bank's Jakarta office, stated that GDP would grow 5.9% this year and by around 6.2% in 2011. Strong private sector demand is expected to support economic activity in absence of greater government spending.

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