UPDATE 1-Indonesia Fin Min sees Q1 GDP growth at 5.7-5.8 pct

Published: 14 Apr 2010 18:36:56 PST

NUSA DUA, Indonesia, April 15 - Indonesia's economy probably expanded between 5.7 and 5.8 percent in the first quarter of 2010 on the back of strong domestic consumption and investment, the finance minister said on Thursday.

"Consumption and investment start to pick up," Sri Mulyani Indrawati told reporters at a conference in Bali, when asked what were the main drivers for growth in the first quarter.

Darmin Nasution, the senior deputy central bank governor, on Friday said that Indonesia's economy is likely to expand at the upper end of Bank Indonesia's 5.5-6.0 percent forecast range this year.

Southeast Asia's biggest economy expanded 4.5 percent in 2009, one of the few Asian countries to post positive growth last year, thanks to steady domestic demand and a lower dependence on exports.