Indonesian expands 6.2 percent in first half

– Indonesian economy was estimated to grow by 6.2 percent in the first half of the year on the back of strong consumption and investment, according to Finance Minister Sri Mulyani Indrawati.

“The growth in the first semester was boosted by private consumption, investment and exports. High import of capital goods indicates investment will increase in the third and fourth quarters,” Minister Sri Mulyani Indrawati was cited as saying at a press conference on July 10.

Indonesia’s economy in the second quarter grew by 6.1 percent with private consumption growing by 5.3 percent, investment by 10.5 percent and exports by 12 percent, the minister said.

She predicted that Indonesian economic growth at the end of the year could be kept at 6.2 percent, a pace that will be slower than the previous projection of 6.4 percent.-