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Jakarta Post

Fitch touts RI to investors, despite slowdown

  • The Jakarta Post

Jakarta   /   Thu, February 7 2013   /  09:08 am

Investors should not be deterred by a slowdown in economic growth rates in Indonesia, according to Fitch Ratings, which described growth in Southeast Asia’s largest economy as “positive”.

The international ratings agency made its statement after Indonesia announced that it booked 6.1 percent growth in its gross domestic product (GDP) during the fourth quarter of 2012, its smallest increase in the last two years.

Fitch Ratings said that the GDP dip was not worrisome, despite concerns from local analysts that growth might slow further given an absence of signs that a solid recovery was underway for the global economy.

The slowdown in the fourth quarter was attributed to a surge in investment and domestic consumption that could not counter the fall in the nation’s exports. The slowdown kept the country’s annual growth rate at 6.23 percent in 2012, which was lo...