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Indonesia expects 7% GDP in 2014

English.news.cn   2013-02-07 13:41:48            

JAKARTA, Feb. 7 (Xinhua) -- The Indonesian government was optimistic that the country's economy to accelerate faster by 7 percent in 2014 on condition that improved global economy which is going to boost demand and prices of commodities, a minister said here on Thursday.

Indonesia expects 6.8 percent economic growth this year.

"In line with the target of our middle-term of development, we expect the growth in 2014 at 7 percent," said Coordinating Minister for Economy Hatta Rajasa, quoted by inilah.com, one of the country's leading portals.

Indonesia has suffered from declining exports, which eroded gains from huge consumption and growing investment at the final quarter last year, slowing the economic growth to 6.11 percent, lower than that of at the previous quarter of 6.17 percent, according to the national statistic bureau.

However, the bureau said that Indonesia exports had increased in volume but the value remained low as the price was still low.

Indonesia trade deficit narrowed in December to 150 million U.S. dollars from 610 million U.S. dollars in November, it said.

For the whole year of 2012, the economy expanded by 6.23 percent, it said.

The central bank forecasts inflation to be in check at the range of 3.5 percent to 5.5 percent this year.

Editor: Wang Yuanyuan
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