Indonesia says economy grew 6.23% in 2012

Agence France-Presse
(UPDATED) Indonesia says its economy grew 6.23% in 2012, supported by strong private consumption and investment

JAKARTA, Indonesia (UPDATED) – Indonesia said on Tuesday, February 5, that Southeast Asia’s biggest economy grew 6.23% in 2012, supported by strong private consumption and investment.

The Central Statistics Agency added that in the three months to the end of December growth came in at 6.11% year on year.

However, statistics office chief, Suryamin, who goes by one name, told reporters: “This growth is below expectations due to the ongoing global crisis and because of (Indonesia’s) trade deficit.”

The full year figure fell short of government forecasts of 6.5% growth and the central bank’s estimate of 6.3%.

The economy grew 6.5% in 2011 and 6.1% in 2010. – Rappler.com