Selasa, 23 Oktober 2012

Indonesia's economic growth world number two

Jakarta (ANTARA News) - Bank Indonesia noted that the country's economic growth this year of 6.3 percent, would be the second highest growth in the world after China reached 7.8 percent.

"Compared to other countries in the world, second only to our growth in China," said Executive Director of Economic Research and Monetary Policy Bank Indonesia Warjiyo Perry on Friday.

According to him, Bank Indonesia is confident economic growth this year is still pretty good and reached 6.3 percent, although lower than the previous estimate of 6.4 percent.

Previously, the central bank said that growth in the economy would grow between 6.1 to 6.5 percent with the main possibilities at the level of 6.3 percent. In 2013, economic growth is expected to be between 6.3 to 6.7 percent with a probability at 6.5 percent.

While global growth is expected to slow this year from 3.2 percent to 3.1 percent, while in 2013, down from 3.5 percent to 3.4 percent.

Indonesia's economic slowdown from 6.4 percent to 6.3 percent, according to Perry more because of the impact of the world economic crisis began to affect the export side of the Indonesian economy.

Indonesia is still high economic growth more sustained strength of household consumption is expected to grow 5.1 percent in the third quarter of 2012, while investment grew 10.9 percent.

Investment growth is down from the original estimate of 12 percent, due to the impact of the decline in investment in export-oriented sectors.

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