President Yudhoyono boasts country`s economic growth

President Yudhoyono boasts country`s economic growth

President Susilo Bambang Yudhoyono (ANTARA)

This year we set our economic growth target at around 6.5 percent."
New York (ANTARA News) - President Susilo Bambang Yudhoyono boasted Indonesia`s economic growth at a meeting with New York Stock Exchange businessmen in Wall Street here on Monday.

He said Indonesia`s economy has grown more consistently compared to that of members of OECD (Organization of Economic Cooperation and Development) or BRICS (Brazil, Russia, China and South Africa).

"Since 2011 Indonesia`s economy has grown fast and consistently every year, except in 2009," he said rejecting the myth that the country`s economy is unstable.

He said even in 2009 Indonesia`s economy could grow 4.6 percent in the midst of global financial crisis.

In view of that he said Indonesia this year could possibly be able to become the second largest economy in Asia after China and surpassing India.

"This year we set our economic growth target at around 6.5 percent," he said.

In the first day of his working visit to the US President attended the Indonesia Investment Day this time themed "Indonesia Ris as Asia`s New Economic Power House: Transformation, Opportunities, and Partnership for All".

He had also taken an opportunity to tour the New Stock Exchange trading floor accompanied by coordinating minister for economic affairs, trade minister Gita Wirjawan and industry minister MS Hidayat.  (YH)

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