Bali Economy Grows in 2008

(2/28/2009)

The Jakarta Post reports that Bali's economy expanded by 5.97% in 2008, a slightly improved performance over 2007 when growth rates hit 5.92%.

Marginally lower than the national average of 6.06%, a leading Bali economist I Nyoman Erawan of Udayana University saw the Bali's growth rate as "respectable."

Erawan also said, "the island has not been able to overtake the national growth rate since the Asian financial crisis of the late 90s, but the margin has been trimmed down over the years," Erawan said.