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RI economic recovery on track
Indonesia's recovery is on track, and the economy is estimated to expand 5.5 percent this year and accelerate to 7 percent in 2012, Standard Chartered Bank says.
"Growth this year may accelerate further to 5.5 percent," Gerard Lyons, Standard Chartered's chief economist and group head of global research, said on Monday, adding that Indonesia had been a strong performer amid the global recession last year.
Lyons also said domestic demand would be the key driver to growth in Asia while exports would likely have a "very weak rebound". He also warned that a "combination of capital inflow and firm domestic demand could bring inflation to Asia".
Tai Hui, Standard Chartered's head or research for Southeast Asia region, said Indonesia's central bank might hike rate earlier than its peers because of accelerating inflation.
Published on the Jakarta Post 18/01/2010
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