Indonesia’s economic growth is predicted to reach 6.4 percent in
2013, the Asian Development Bank (ADB) said in its report on April 9.

“It
is assumed that private consumption, triggered by increasing employment
and average minimum wages and civil servants’ salary, will strengthen
this year,” spokesman Edimon Ginting was quoted by Indonesia’s Antara
News Agency as saying.

He explained that Indonesia was also
able to maintain its economic stability while the trend of private
consumption gets increasing in the run up to the 2014 general election.

Besides,
he said private as well as government investments also showed a healthy
expansion which is marked with increased credits from international
institutions, the decline in interest rates, increased budget allocation
for infrastructure, and the record of strong economic growth.

“Export is projected to continue increasing in 2014 because of improvement in other industrial countries,” said Edimon.

According
to him, the improvement of such a condition will continue to prevail
until next year, and therefore economic growth in 2014 is predicted to
be higher that that of this year to reach 6.6 percent.

“With the
momentum of growth in Southeast Asia, Indonesia at present is on
the right course toward a long term economic growth,” Edimon noted.-VNA