Finance Minister Confident 7 Percent Growth Can Be Achieved

ANTARA FOTO/Bayu Pratama S/tom

Finance Minister Confident 7 Percent Growth Can Be Achieved

Wednesday, 09 Jul 2025

Finance Minister and Acting Coordinating Minister for the Economy, Sri Mulyani Indrawati, assessed that Indonesia's economic growth of 7 percent in 2011, as projected by Morgan Stanley, is quite open to be achieved. "The potential for Indonesia is always there and possible," she said before leaving her office to attend the Cabinet Meeting, Monday (6/15).

As quoted from Bloomberg, global financial services provider, Morgan Stanley, on Monday (6/15) predicted that Indonesia's economic growth could reach seven percent in 2011. With that growth rate, Indonesia could be on par with developing countries with the fastest growth rates in the world, namely Brazil, Russia, India, and China, commonly called BRIC.

Not only that, Morgan Stanley also estimates that the Indonesian economy has the potential to grow up to 60 percent in the next five years along with government stability, decreasing capital costs, and the government's plan to spend at least US$ 34 billion on infrastructure until 2017.

As for this year, Morgan Stanley projects that Indonesia's growth will only reach 3.7 percent, slightly below the projection of the Indonesian Monetary Fund which estimates growth of 4 percent.

Although optimistic, according to Sri Mulyani, Indonesia will not be too ambitious. Next year the economy is expected to still fluctuate. While in 2011, although the economy is expected to recover from the global crisis, changes in order will cause the world economy to seek a new equilibrium point. "That will have an impact on the exchange rate and world inflation," she said.