Indonesia`s 3rd quarter GDP growth at 6.5 percent
Jakarta (ANTARA News) - Indonesia's economy grew 6.5 percent from a
year earlier in the third quarter and is on track for its fastest
growth in more than a decade this year thanks to strong commodity
exports and low interest rates.
Southeast Asia's biggest economy expanded by 6.28 percent in the second
quarter from a year ago. Analysts polled by Reuters had expected growth
of 6.2 percent in the third quarter.
The government of President Susilo Bambang Yudhoyono aims to boost
growth to 6.3 percent this year from 5.5 percent in 2006, to help
reduce unemployment which stood at around 10 percent of the labour
force, among the highest in Asia.
The country's first directly-elected president also needs stronger
growth to reverse the decline in popularity, partly due to poor
performance in tackling unemployment, ahead of presidential elections
in 2009. (*) END