World Bank cites drop in exports and investments: 2009 growth may fall to 4.4%

In a report released on Wednesday, the World Bank said Indonesia’s economic growth rate could slow to 4.4 percent next year from 6 percent in 2008, assumed a prolonged global economic recession affecting both investment and exports. The bank further forecast that Indonesia’s investment growth could be flat in 2009, before recovering to around 7 percent in 2010. Growth in export volume is estimated to slow from 14 percent this year to between 1 percent and 2 percent in 2009, before strengthening to 8 percent in 2010.
Source: JakartaGlobe, Thu 11 Dec, section B.