Indonesian economic growth slows to 5.78% in 2013: govt

Agence France-Presse

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The 5.78% growth was stronger than forecasts but below the 6.23% expansion of 2012

SLOWED GROWTH. Indonesia economy slows its growth in 2013.

JAKARTA, Indonesia – Indonesian growth slipped to 5.78% in 2013, official data showed Wednesday, its slowest pace for 4 years as Southeast Asia’s biggest economy was hit by emerging market turmoil.

The figure was slightly stronger than forecasts but still below the 6.23% expansion seen in 2012.

In the fourth quarter growth came in at 5.72% year-on-year, the official statistics agency said.

Indonesia was one of the hardest hit emerging markets in the summer when foreign investors pulled funds on fears that the US Federal Reserve was set to start reducing its stimulus program.

It was also dragged by a slowdown in demand, particularly from China, for its key commodities exports. – 

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