Economic Forecast Praying for Growth
Tuesday, July 17, 2001
The government has set a target of 4.5 to 5.5 percent in economic growth for 2002. Economists warn that 4.5 percent growth isn't enough to bring the economy around.
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Now and then wrinkling his forehead, Finance Minister Rizal Ramli spoke with calm as he elaborated on the government's annual development plan before the budget committee of the House of Representatives (DPR) two weeks ago. Ramli told the lawmakers that the government had set a target of between 4.5 and 5.5 percent in Indonesia's economic growth for 2002. He said inflation was expected to fall to 7.9 percent and per capita income, which plummeted
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