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Indonesia`s 2007 GDP growth seen above 6 pct - president
uusjio | January 1, 2008 at 10:34 pmby
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Yudhoyono said the impact of the U.S. subprime mortgage loan crisis would likely be limited on Southeast Asia's biggest economy and he expects his administration to weather soaring global oil prices.
The government expects Indonesia's economy to grow at 6.3 percent in 2007 and 6.8 percent in 2008, a pace economists say the country needs to cut chronic unemployment and reduce poverty.
"I expect growth to exceed 6 percent in 2007 and can reach nearly 7 percent in 2008," Yudhoyono said on the first day of trading at the stock exchange this year.
"Consumption is likely to improve, amid a positive momentum in our economy. Investment has shown an increasing trend ... During 2008-2010 the government will be very committed ito developing infrastructure projects such as for electricity, power plants, toll roads and housing. This will move the economy."