ADB predicts Indonesia’s economic growth of 6.4 percent
Indonesia’s economic growth is predicted to reach 6.4 percent in
2013, the Asian Development Bank (ADB) said in its report on April 9.
Indonesia’s economic growth is predicted to reach 6.4 percent in
2013, the Asian Development Bank (ADB) said in its report on April 9.
"It is assumed that private consumption, triggered by increasing employment and average minimum wages and civil servants’ salary, will strengthen this year," spokesman Edimon Ginting was quoted by Indonesia’s Antara News Agency as saying.
He explained that Indonesia was also able to maintain its economic stability while the trend of private consumption gets increasing in the run up to the 2014 general election.
Besides, he said private as well as government investments also showed a healthy expansion which is marked with increased credits from international institutions, the decline in interest rates, increased budget allocation for 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.
According to him, the improvement of such a condition will continue to prevail until next year, and therefore economic growth in 2014 is predicted to be higher that that of this year to reach 6.6 percent.
"With the momentum of growth in Southeast Asia, Indonesia at present is on the right course toward a long term economic growth," Edimon noted.-VNA
"It is assumed that private consumption, triggered by increasing employment and average minimum wages and civil servants’ salary, will strengthen this year," spokesman Edimon Ginting was quoted by Indonesia’s Antara News Agency as saying.
He explained that Indonesia was also able to maintain its economic stability while the trend of private consumption gets increasing in the run up to the 2014 general election.
Besides, he said private as well as government investments also showed a healthy expansion which is marked with increased credits from international institutions, the decline in interest rates, increased budget allocation for 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.
According to him, the improvement of such a condition will continue to prevail until next year, and therefore economic growth in 2014 is predicted to be higher that that of this year to reach 6.6 percent.
"With the momentum of growth in Southeast Asia, Indonesia at present is on the right course toward a long term economic growth," Edimon noted.-VNA
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