Indonesia hopes for more economic improvement in 2008

The government believes that Indonesia is moving towards full recovery from the economic crisis that has hit the country since 1998. Inspired by better economic performance in 2007 which is likely to achieve its growth target of 6.3%, the government set an economic growth based on optimistic assumption at 6.8% in 2008. Observers, however, predicted that Indonesia's economy would grow at a range between six to 6.5 percent only due to various factors such as increase in crude oil price in the world market, sluggishness of the world economies and effect of subprime mortgage crisis in the United States. (http://www.antara.co.id/en/arc/2007/12/24/indonesia-hopes-for-more-economic-improvement-in-2008/