Thu, 29 Oct 2009
From:
JAKARTA, Oct. 28 (Xinhua) -- Indonesia is estimated to become the strongest economy in Southeast Asia region in terms of U.S. dollars currency in the next five years, following China and India in greater Asia region, according to an IMF (International Monetary Fund) estimation data disclosed by UBS here on Wednesday.

The estimation is based on several indicators with presumably continuing positive macro economics parameters during President Susilo Bambang Yudhoyono's second term administration ending in 2014.

Those indicators comprised of Indonesia's good demography condition that shows 1.4 percent of workforce growth, high rate of saving and investment whose ratio was regarded one of the highest in Asia outside China and India.

Strong balance sheet with public debt to Gross Domestic Product(GDP) of 33 percent in 2008 and banks' loans to GDP ratio of 23 percent were also convincing part of the parameters.

Given that excellent facts, UBS said that Indonesia should position itself as a complement to India and China, not the competitor.

The successful conduction of the recent democratically- held presidential election promises stability in President Susilo's second presidency term that would help spur the national economic growth.



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