Indonesia GDP Expands Fastest Since 1996 as Investment Gains
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Indonesia’s economy grew last year at the fastest pace since before the Asian financial crisis as rising investment and domestic spending countered a slowdown in export demand due to Europe’s debt crisis.
Gross domestic product rose 6.46 percent in 2011, the statistics bureau said in Jakarta today, after a revised 6.2 percent gain the previous year. The median of 15 estimates in a Bloomberg News survey was for a 6.44 percent increase. The economy expanded 6.49 percent last quarter from a year earlier.