Indonesian bank upbeat over growth
The Central Bank of Indonesia is optimistic that the country’s economy will accelerate at a faster pace this year, a top official of the lender said on Wednesday. Governor of the Central Bank Agus Martowardojo said he is confident that Southeast Asia’s biggest economy will expand between 5 and 5.4 percent this year. That compares with 5.02 percent gross domestic product growth last year, according to the national statistics bureau. Martowardojo said the lender forecasts the country’s economy will grow more than 5.2 percent at the third and fourth quarter of this year after expanding steadily at 5.01 percent in the first and second quarters.