The central bank is of the view that the domestic economy still shows signs of strong performance despite the global economic slowdown that led to uncertainties about the prospects of the global money market, BI spokesman Difi A Johansyah said, following a meeting of the BI's board of governors here on Thursday.
BI predicted that the economy will grow by 6.5 percent in the first quarter and will continue to expand in the second quarter, though the economic growth in the second quarter will not be as high as that of the first quarter, he said.
He said strong domestic demand, particularly household consumption and investment, will remain the engine of economic growth. However, export growth is expected to be slow due to the global economic slowdown and declining prices of non-energy commodities in the world market.
The first-and second-quarter economic growth forecast is still relevant to the full-year economic growth target of 6.3-6.7 percent, he said.(IGT)
: Masuki
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