Tuesday, 21 May 2013 | 14:54
Indonesian students won the International Environment Project
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Tuesday, 21 May 2013 | 14:02
Leonardo said to understand Ancelloti's transfer rumor to
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Monday, 06 February, 2012 | 18:44 WIB
Growth in 2011 Reaches 6.5 Percent, says economist
TEMPO Interactive, Jakarta:Gadjah Mada University economist, Anggito Abimanyu, estimates that Indonesia’s economic growth reached 6.3-6.5 percent in the last quarter of 2011. “Although export growth slowed down in the fourth quarter, the economy tended to grow over 6.5 percent,” he told Tempo yesterday.
Anggito said the growth rate was boosted by the government’s expenses. Additionally, the stability of the rupiah exchange rate against other currencies, the low inflation rate and growing purchasing power also contributed to the strong growth rate.
While the economy managed to weather the economic turbulence in Europe in 2011, he said it would be harder to sustain this year.
“We could minimize the impact as long as the financial and trade sectors are not obstructed,” he said.
AYU PRIMA SANDI