Reuters Vendors set up their makeshift stalls next to a railway track in Jakarta March 3, 2011. Indonesias inflation slowed in February as food prices went down for first time in four years, easing pressure on the central bank to raise its key overnight benchmark interest rate on Friday for a second month in a row after a 25 basis points rise in February to 6.75 pct. JAKARTA, Indonesia's economic growth in the second quarter was likely “not less“ than the first quarter's expansion of 6.5% from a year earlier, supported by strong exports and investment spending, Chief Statistician Rusman Heriawan said Thursday.
Heriawan said private consumption also continued to grow during the period, supporting growth in the country's gross domestic product.
The official Central Statistics Agency will likely announce the April-June GDP data next week. Bank Indonesia earlier this month slightly revised its forecast for full-year economic growth to between 6.3% and 6.5% from 6.0%-6.5% previously.
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