Wednesday, December 03, 2008

The worst condition in 2009, economic growth to be 4.5%

The Kompas Daily-Sri Mulyani Indrawati, Acting Minister of Economy, forecasted the worst economic growth in 2009 would be 4.5%, while her moderate forecast is about 5-5.5%. The forecast is out of the scenario that has been established by the Government through its state budget (APBN) in which the economic growth is targeted to be 6%. According to Sri Mulyani, factors that could support the growth in 2009 are house hold consumption and Government’s expenditure. The house hold consumption is expected to grow 5% as compared to consumption in 2008.

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