Categorized | EcoBiz

Economic Measures Higher Than Others

I am always fascinated in economic numbers. When many people are giving up on economy measured with numbers, or even mocking at them, I let myself sink deep into it. Why? Because those numbers mean everything to the whole nation, to the people, to families, to children at their homes, to salesmen, to factories, to plants, to investors, to many stakeholders.

Indonesia has been enjoying steady growth in the past decade, where the economy grows at up-moderate pace, making it one of the fastest growing economies in the world. It is now the serious candidate for the next BRIC countries, many people even now put it in par with Brazil. Is this enough? Hell no.

Indonesia is setting a faster economic growth in the next 3-5 years. Minister of Finance even said that in 2012, economic growth will outpace all countries in Southeast Asia, by developing massive fiscal policies.

According to him, the government would make every effort to reach the economic growth of around 6.5 percent to 6.9 percent in 2012, although there would be a big enough challenge.

The finance minister said the rate of Indonesian economic growth would be higher than Malaysia 5.2 percent, Thailand 4.5 percent, the Philippines 5.0 percent, and Singapore 4.4 percent.

The public consumption and the government consumption were also estimated to grow respectively by 4.8 – 5.2 percent and 6.0 – 6.4 percent, while the investment would grow by 10.0 – 10.4 percent and need the funds of about US$300 billion.

Are you ready?

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This post was posted by:

Akhyari - who has posted 757 posts on Good News From Indonesia.

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