Updated Saturday, February 16, 2008 0:00 am TWN, AFP

Indonesian 2007 growth was fastest in 11 years

JAKARTA -- Indonesia’s full-year growth for 2007 clocked in at 6.32 percent, the fastest rate since the country was hit by the Asian financial crisis 11 years ago, official data showed Friday. The figure was slightly higher than the government forecast of 6.30 percent, but remained lower than the pre-crisis level of 7.8 percent recorded in 1996.

However, the Indonesian economy contracted 2.15 percent in the last quarter of 2007 compared to a year earlier, but grew 6.25 percent compared to the same quarter in 2006, said Slamet Sutomo, deputy chairman of the statistics bureau.

Subscribe to The China Post and save 25%. Click here

Share

Print

Email

Indonesia Breaking News

Updated Friday, August 21, 2009 11:07 am TWN
▪	Indonesia stock index may regain record, Batavia says
▪	Indonesian central bank cuts key rate for 9th month
▪	Indonesia airline to expand after EU ban lifted
▪	Bombings won't harm Indonesia's growth: TM
▪	Indonesia bombs jolt expats and investors

Most Read

▪	U.S. Pres. Obama will be firm on backing Taiwan: aide
▪	Taiwan plans to raise TIFA issue with U.S.: official
▪	China sends panda expert to Taiwan to aid breeding
▪	Ma urges tertiary 'all English curriculums'
▪	G-20 IN SCOTLAND

Sponsors
▪	Get Car Hire Asia, Thailand, Middle East, Cyprus, Dubai, USA
▪	Business Directory
▪	Taiwan Classifieds - Teaching jobs, apartments, personals