Sunday, August 5, 2012

Indonesia's economy: Domestic demand boosts expansion

Shoppers at a store in Indonesia

The economy expanded by 6.4% during the three months, from a year earlier. Most analysts had expected a growth of 6.1%.

Economists said low interest rates, stable consumer price growth and strong consumer and business confidence had helped boost domestic demand.

Indonesia is South East Asia's largest economy.

"As per today's data, Indonesia remains one of the fastest growing, and perhaps more importantly, one of the most stable economies in Asia," said Taimur Baig, an economist with Deutsche Bank.



Source & Image : BBC

No comments:

Post a Comment