Denpasar, Bali (Antara Bali) - Indonesia has seen relatively high export growth over the past few years, thereby making its economy one of the keys to global growth, stated Trade Minister Muhammad Lutfi.
Based on the World Economic Outlook 2011, the International Monetary Fund (IMF) had forecast that Indonesia will be the second fastest growing nation among the world`s 18 largest economies during the period 2009-2015, he noted on the sidelines of the 17th Annual Conference of the Association of Futures Market (AMF) in Nusa Dua, Bali, on Monday.
"The global economy is projected to recover in 2014, as reflected by the rising economic growth of crisis-hit countries and the increasing global trade volume," he added.
As per data furnished by the IMF, the world output, which was recorded at 2.9 percent in 2013, was expected to increase to 3.6 percent in 2014. Not just developed nations, but also developing countries will record positive economic growth this year, he claimed.
The World Bank had projected Indonesia`s gross domestic product (GDP) to increase to 5.3 percent in 2014, he remarked.
Even if the GDP growth is below 5 percent, similar to what was recorded during the 2009 economic crisis, Indonesia will still recover at a faster pace than the other developing nations such as Brazil and South Africa, he emphasized.
"The economies of the two countries are estimated to grow at less than 3 percent in 2014," he stated. (LHS)
COPYRIGHT © ANTARA News Bali 2014
Based on the World Economic Outlook 2011, the International Monetary Fund (IMF) had forecast that Indonesia will be the second fastest growing nation among the world`s 18 largest economies during the period 2009-2015, he noted on the sidelines of the 17th Annual Conference of the Association of Futures Market (AMF) in Nusa Dua, Bali, on Monday.
"The global economy is projected to recover in 2014, as reflected by the rising economic growth of crisis-hit countries and the increasing global trade volume," he added.
As per data furnished by the IMF, the world output, which was recorded at 2.9 percent in 2013, was expected to increase to 3.6 percent in 2014. Not just developed nations, but also developing countries will record positive economic growth this year, he claimed.
The World Bank had projected Indonesia`s gross domestic product (GDP) to increase to 5.3 percent in 2014, he remarked.
Even if the GDP growth is below 5 percent, similar to what was recorded during the 2009 economic crisis, Indonesia will still recover at a faster pace than the other developing nations such as Brazil and South Africa, he emphasized.
"The economies of the two countries are estimated to grow at less than 3 percent in 2014," he stated. (LHS)
Editor : I Gede Wira Suryantala
COPYRIGHT © ANTARA News Bali 2014