The Jakarta Post
With its large domestic market, Indonesia is expected to lead economic growth in six Southeast Asian countries over the next five years despite the slowdown in the global economy, the OECD says.
The Organization for Economic Cooperation and Development (OECD) estimates in its Southeast Asian Economic Outlook that Indonesia’s economic growth will move up an average of 6.6 percent between 2012 and 2016 from 6.3 percent in 2011 and 6.1 percent in 2010.
Indonesia’s average GDP during the five-year period will be the highest in the six major Southeast Asian countries, followed by Malaysia with an average of 6.3 percent, Vietnam with 5.3 percent, the Philippines with 4.9 percent, Singapore with 4.6 percent and Thailand with 4.5 percent, the organization estimates.
The organization also estimates that Indonesia’s GDP will grow at 6.3 percent in 2011, also the highe...