Monday, 17 August 2009

Indonesia says economy expanded in 2nd quarter

Indonesia’s economy grew at a faster clip in the second quarter than the first, but expanded at its slowest annual pace in seven years, government data showed. Economists said the numbers suggested the central bank’s focus will shift toward containing inflation rather than stimulating growth. Economists had predicted the slowdown, citing the boost o economic output last tear from a spike in prices of commodities that Indonesia exports.
Source: PA Asia, Wall Street Journal, p.10, 11 August 09

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