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Indonesia’s economic growth dips below 5 percent

Indonesia’s economic growth continued to dwindle to reach only 4.7 percent in the second quarter of the year compared to the 4.95 percent expansion in the first, said the Governor of Bank Indonesia (BI) Agus Martowardojo.
Indonesia’s economic growth continued to dwindle to reach only 4.7percent in the second quarter of the year compared to the 4.95 percentexpansion in the first, said the Governor of Bank Indonesia (BI) AgusMartowardojo.

However, economic analysts wereupbeat about the nation’s economy amelioration in the last six months,spurred by the Government’s priorities of public spending, investmentand domestic consumption promotion.

In an effort to maintain aninflation rate range from -1 percent to 4 percent in 2015, BI is keepingrediscount rates at 7.5 percent, deposit interest rates at 5.5 percentand loan interest rates at 8 percent.-VNA
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