Wednesday, April 10, 2013

Asian Development Bank forecasts a 6.4% economic in Indonesia

Asian Development Bank (ADB) forecasts a 6.4% economic

Indonesia is expected to grow at 6.4% and 6.6% in 2013 and 2014, respectively driven by buoyant private consumption and solid investment performance, and growth in international trade, based on the ADB report published yesterday.

Specifically, Solid private consumption will be supported from increasing employment and higher-than-average minimum wage increase this year. Meanwhile, ADB expects investment to enhance both from private and government sectors (Bank Indonesia, ADB).

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