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.

Related Articles

Hong Kong's composite interest rate registered 0.25% in February

Hong Kong's composite interest rate declined 3 basis points (bps) registering 0.25% in February this year. As reported by News.gov.hk, the decrease in the composite rates was due to the decline ... more

Thailand's government expected to promote export-oriented SMEs.

Thailand's government is likely to offer financial support for export-oriented small- and medium-sized enterprises (SMEs) and the indigenous industry, resulting in an increase in volume and value ... more

Small companies concerned about various government incentive schemes.

Singapore's small businesses are expected to be having concerns regarding the new and diverse government incentive schemes, which were announced in the recent Budget. As reported by ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss