VIVAnews - Bank Indonesia (BI) expected constant growth of the Indonesian economy in 2010 and 2011.
According to BI Monetary Policy Report, the economic growth has likely touched its lowest point by the second quarter of 2009 at four percent.
Several important elements support the improvement. First, the global economic growth and trade volume seemed to have recorded their lowest point by the first quarter of 2009.
Second, the strong consumption rate in post-elections period taking into account the low inflation and the high confidence in domestic economy.
Given the fact, the 2009 economic growth is evaluated at 4.3 percent and will rise by 5.0-5.5 percent in 2010. "In 2011, the economy will grow by 6.0-6.5 percent."
The domestic side, although not as high it was as in the 2009 Elections period, the household consumption growth in the second half of 2009 and 2010-2010 would likely be high and contribute mainly to gross domestic products.
In line with the the better domestic economy, the liquidity will also record high growth.
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Translated by: Bonardo Maulana Wahono
