Indonesia’s economic growth is predicted to reach 6.4 percent in2013, the Asian Development Bank (ADB) said in its report on April 9.
"Itis assumed that private consumption, triggered by increasing employmentand average minimum wages and civil servants’ salary, will strengthenthis year," spokesman Edimon Ginting was quoted by Indonesia’s AntaraNews Agency as saying.
He explained that Indonesia was alsoable to maintain its economic stability while the trend of privateconsumption gets increasing in the run up to the 2014 general election.
Besides,he said private as well as government investments also showed a healthyexpansion which is marked with increased credits from internationalinstitutions, the decline in interest rates, increased budget allocationfor infrastructure, and the record of strong economic growth.
"Export is projected to continue increasing in 2014 because of improvement in other industrial countries," said Edimon.
Accordingto him, the improvement of such a condition will continue to prevailuntil next year, and therefore economic growth in 2014 is predicted tobe higher that that of this year to reach 6.6 percent.
"With themomentum of growth in Southeast Asia, Indonesia at present is onthe right course toward a long term economic growth," Edimon noted.-VNA
"Itis assumed that private consumption, triggered by increasing employmentand average minimum wages and civil servants’ salary, will strengthenthis year," spokesman Edimon Ginting was quoted by Indonesia’s AntaraNews Agency as saying.
He explained that Indonesia was alsoable to maintain its economic stability while the trend of privateconsumption gets increasing in the run up to the 2014 general election.
Besides,he said private as well as government investments also showed a healthyexpansion which is marked with increased credits from internationalinstitutions, the decline in interest rates, increased budget allocationfor infrastructure, and the record of strong economic growth.
"Export is projected to continue increasing in 2014 because of improvement in other industrial countries," said Edimon.
Accordingto him, the improvement of such a condition will continue to prevailuntil next year, and therefore economic growth in 2014 is predicted tobe higher that that of this year to reach 6.6 percent.
"With themomentum of growth in Southeast Asia, Indonesia at present is onthe right course toward a long term economic growth," Edimon noted.-VNA
