07 Feb '11, 6am

Indonesia posts 6.1% GDP growth in 2010

JAKARTA: Indonesia's gross domestic product grew 6.1 per cent last year, officials said on Monday as Southeast Asia's biggest economy confirmed its position among the top ranks of emerging markets. "Our domestic growth in 2010 reached 6.1 per cent," Central Statistics Agency chairman Rusman Heriawan told reporters. He said the resource-rich country of 240 million people posted 6.9 per cent growth in the fourth quarter compared with 5.8 per cent a year earlier, making it among the best performers in the Group of 20 rich and developing countries. The full-year growth figure compared with 4.5 per cent in 2009 and was in line with expectations, putting Indonesia on course to reach its target of 6.0-6.5 per cent growth in 2011. The country's stock market ticked upwards on the data, with the benchmark index 0.1 per cent firmer at 3,499.613 at midday. The market soared around 40 ...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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