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Indonesia's economy grows by 5.81 pct in Q2
Last Updated: 2013-08-02 10:52 | Xinhua
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Indonesia's gross domestic product (GDP)in the second quarter expanded at slower pace by 5.81 percent year on year as global economy remains weakening, national statistic bureau announced on Friday.

Indonesia's economy grew by 6.02 percent in the first three months this year from a year ago.

Head of the National Statistic Bureau named only Suryamin said that the growth at the second quarter was supported by the growth in the sectors of transport, communication, finance, property and construction.

Suryamin said that the slow of the growth in the second quarter was contributed by the weakening of the global economy.

"We know that there are several corrections on global economic growth," he told a press conference at the bureau office.

The global economic growth has been revised down to 3.1 percent from 3.3 percent this year, and the United States corrected its GDP target from 1.9n percent to 1.7 percent this year, according to Suryamin.

Lower commodity prices, partly has decreased Indonesia's exports by 4.54 percent to 14.74 billion U.S. dollar in June, widening the trade deficit gap by 846.6 million U.S. dollar, the bureau said on Thursday. For the first six months, the Indonesian economy expanded by 5. 92 percent, said Suryamin. For the entire of this year the government has expected the economy to grow at the range of 6.1 percent to 6.3 percent. The central bank has risen its benchmark interest rate by 75 basis points to 6.50 percent at its two consecutive meetings in June and July, partly due to concerns over inflation pressure after the government increased subsidized-fuel price by up to 44 percent on June 22.

In July, Indonesia's annual inflation accelerated by 8.61 percent, the highest in the last four years, after gaining 5.9 percent in June, the bureau said on Thursday.

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