"Indonesia`s economy is predicted to grow in 2013 and 2014."Jakarta (ANTARA News) - According to Bank Indonesia, the country`s economy will grow by 6.3 to 6.8 percent in 2013.
"Indonesia`s economy is predicted to grow in 2013 and 2014," said the central bank`s governor, Darmin Nasution, at a press conference on Thursday.
He said the growth will be driven by household consumption, which will continue to increase, and by investments.
According to Darmin, the value of exports will also increase this year.
Meanwhile, he said the national economy could grow by 6.7 to 7.2 percent in 2014.
In 2012, Indonesia`s economy grew by 6.3 percent because of macro-economic stability and maintained financial system, which helped strengthen the base of domestic demand.
He said a decline in the value of exports from the second semester of 2012 was offset by high household consumption and investments.
In terms of production, economic growth in 2012 was driven by manufacturing industries, trade, hotels, restaurants, the transportation industry and the communications sector.
An economist at PT Indo Premier Securities, Seto Wardono, said the country's gross domestic product (GDP) will reach 6.5 percent this year, an increase from 6.3 percent last year.
"The country's GDP is projected to increase from 6.3 percent in 2012 to 6.5 percent in 2013," he noted.
Sharing Darmin`s view, Seto said household consumption and investments will support the country`s economic growth this year.
"Household consumption and investments will support the country's economic growth. In addition, the value of exports will also increase, but not significantly," he said.
(T.A064/Uu.H-YH/INE/KR-BSR/A014)
Editor: Priyambodo RH
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