speaks to Rich Karlgaard, editor-at-large at Forbes Media, at the Forbes Global CEO Conference in Singapore.Forbes Asia
Domestic demand will help the Indonesian economy keep growing after the economy’s “remarkable” achievement of expanding more than 5% in each of the last seven quarters, Finance Minister Sri Mulyani Indrawati told the Forbes Global CEO Conference in Singapore on Monday.
“Indonesia is relatively lucky. We are quite resilient, domestic demand is there,” Sri Mulyani said.
For the second quarter of this year, Southeast Asia’s largest economy achieved 5.17% growth from a year earlier, compared with the previous quarter’s 5.04%. Growth in the last period was driven by household consumption which increased by 5.23% year-on-year, rising incomes, and contained inflation. The central bank has projected that the country would record growth of up to 5.3% this…
