World Bank says Indonesia to grow 6.2 per cent in 2011

AFP, Wednesday 9 Feb 2011

Indonesia's gross domestic product would grow 6.2 percent in 2011, a slight increase from last year, when the country was one of the best performing emerging economies


The World Bank maintained Wednesday its 2011 growth forecast made in September last year, saying the recent strength of investment in Southeast Asia's largest economy was expected to continue.

"Indonesia is emerging as a self-confident, rising and dynamic middle-income country," World Bank country director for Indonesia Stefan Koeberle said.

Indonesia posted 6.1 percent growth in 2010 compared to 4.5 percent in 2009, paving the way for the country to achieve its target of 6.0 to 6.5 percent this year.

Koeberle said that in order to achieve the target Indonesia needed to deliver a favourable investment climate, improve infrastructure and find ways to create more and higher-quality jobs.

"Indonesia's workforce is growing and there is almost 114 million workers in Indonesia today. A key concern over the long term is that over the next decade we have a working age population that will grow by another 20 million people," he said.

The nation of 240 million people was largely unaffected by the global financial crisis, thanks to robust domestic demand and strong commodity exports.

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