Indonesian Economy to Grow by 6.4 Pct

Jakarta - The World Bank has predicted that Indonesian economic growth in 2011 would reach 6.4 percent. "Indonesian economy remains strong at a good position to face external turmoil, because its growth in 2011 is predicted to remain at the level of 6.4 percent," World Bank lead economist for Indonesia, Subhan Chaudri, said in the Indonesia Economic Quarterly in Jakarta on Wednesday. He said Indonesian real economy remained strong in the third quarter of 2011 with the year on year Gross Domestic Product rose by 6.5 percent in the three consecutive semesters. Besides, private consumption growth also remained strong like in the real export, although it dropped a bit in the second quarter following the global economic situation. Although the the foreign direct investment (FDI) slowed down in the past quarter, it was relatively strong and much bigger than the average FDI in the past two years. And therefore he said the economic growth in 2011 was predicted to be around 6.4 percent. (*)