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Indonesia Records Highest Growth in SE Asia

Farah Fitriani Faruq
Farah Fitriani Faruq
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Indonesia Records Highest Growth in SE Asia
VIVAnews - The Organization for Economic Co-operation and Development (OECD) figures the economic growth in six Southeast Asian countries will hit 5.6 percent between 2012 and 2016 with Indonesia being the highest at 6.6 percent. OECD Director of Development Center, Mario Pezzini, said the global economic downturn can be a chance to stimulate economic growth. Mario said the economies in Southeast Asia will be more likely supported by domestic large-scale investments and personal consumption. "Previous growth depended much on foreign demand," he said. Indonesia is focusing on the domestic market, given the huge population and stable growth in people's purchasing power. "Such a country will continue growing amidst tight competition in the global landscape," Deputy Finance Minister, Mahendra Siregar, said.

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