INDONESIA’S ECONOMIC GROWTH TO REACH 5.1 PCT THIS YEAR: ADB

JAKARTA, Indonesia -- The Asian Development Bank (ADB) estimated that Indonesia may see a 5.1 percent economic growth this year with a positive economic outlook in the future thanks to current massive infrastructure development.

"With higher allocation for public infrastructure, coupled with improving investments in private sector, Indonesia's economic expansion would continue next year," Head of ADB Indonesia Representative Office Winfried Wicklein said in his office on Tuesday.

Against the back of improving private and foreign investments resulted from government's economic reform programs, ADB estimated that the nation may see 5.3 percent growth next year.

The ADB's estimations on Indonesia's growth were lower than 5.17 percent targeted by the government this year and between 5.5 and 6.1 percent for next year.

He added that Indonesia's growth in the second half this year would ultimately be propelled by intensifying government spending after investments and exports fueled the growth in the first half that reached 5.01 percent.

Source: NAM NEWS NETWORK

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