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Indonesia's economy expected to grow 5.2-5.65% in 2017: central bank governor

Monday, June 6, 2016 - 17:05
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Indonesia's economy is expected to grow by between 5.2 and 5.6 per cent next year, the central bank governor said on Monday.

[JAKARTA] Indonesia's economy is expected to grow by between 5.2 and 5.6 per cent next year, the central bank governor said on Monday.

Agus Martowardojo told a parliamentary hearing that government spending on infrastructure is expected to drive higher growth in Southeast Asia's biggest economy. "The prospect of improvement in the economy in 2017 will be supported by investment growth...and fiscal stimulus especially in infrastructure projects and the government's economic policy packages," he said.

Mr Martowardojo added that annual inflation next year is estimated at 4 per cent in anticipation of rising food commodity prices.

He added the rupiah is expected to trade in the range of 13,600 and 13,900 against the US dollar next year.

REUTERS