Indonesia’s 6.50% growth continues to impress
Indonesia’s economy is keeping everyone satisfied with 6.50% growth in the January-March 2011 period. That follows 6.90% growth in October-December 2010 as healthy investment, domestic consumption and exports each played their part.
Finance Minister Agus Martowardojo said the economy had momentum thanks to growing domestic demand and favorable global conditions, and expects the economy to almost meet 2010′s growth of 6.10% with another 6.40%. Indonesia is the fastest-growing economy in the G20 group of nations.
Analysts once again warned that growth would bring inflation, and said the government would increase spending to meet its prediction if Japanese investors were to pull back. The International Monetary Fund (IMF) also recommended recently that Indonesia cut fuel subsidies and channel the money into vital infrastructure development.
source & article: AFP via Channel NewsAsia
- ‘Wave’ of FDI flows into Malaysia in 2011
- The Economist: good policies creating a strong Penang
- Could Indonesia overtake Thailand as an auto manufacturer?
- Indonesia to give tax holidays to major foreign investors
- US$4.7bn in major gas projects approved for Indonesia
- Indonesia strong enough to cope with ‘hot money’, but still wary
- Corporatize sports funding, says Malaysian govt.
- Google keen on Indonesian market, less keen on local regulation
- More on Indonesia’s entrepreneurial spirit
- Indonesian courier start-up Go-Jek wins fame, prize