BALIBOMBINGBOOM!!!!

Done by: The two lovely girls, Geena and Xiao Wei of 4Integrity  **This Bali Bombing Seen as Having Less Economic Effect**

The attacks are likely to have an immediate impact on Bali's tourism, analysts predicted. But Indonesia is likely to bounce back sooner than it did after the much deadlier attacks there in 2002. The latest attacks are also unlikely to damage the regional economy as much as the 2002 bombing, which killed 202 people, they said. "The first one had an impact precisely because it was the first one," said Manu Bhaskaran, head of economic research at the Centennial Group in Singapore. The second attack could hurt confidence in Bali, he said, but "the psychological impact is much less."



**A Raise in Prices, Higher Inflation proposed**

Analysts said the weekend attacks were likely to fade in significance next to President Susilo Bambang Yudhoyono's move the night before to raise prices for fuel as much as 100 percent. That his decision has yet to produce any significant public unrest, they said, appeared to signal victory in a gamble that he could persuade the public to tolerate higher inflation to put the nation on a firmer path toward economic growth. Analysts and economists acknowledged that it was still too early to judge the long-term impact of either the bombing or the fuel price increases. Indonesia's coordinating minister for economic affairs, Aburizal Bakrie, said Monday that a 20 percent decline in tourist arrivals for the rest of the year was likely to shave as much as three-tenths of a percentage point off the government's projection of 6 percent economic growth this year. Tourism accounts for roughly 5 percent of Indonesia's gross domestic product.





Articles is quite short but reader friendly. Pictures should hit simply.ave captions otherwise meaningless. The graph is not necessary as it is mentioned in the report already. 6/10