Indonesia to see 6.6% average annual growth rate: president

13:46, January 05, 2010      

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Indonesian President Susilo Bambang Yudhoyono said Indonesia may see annual economic growth of 6.6 percent over the next five years and 7 percent by the end of 2014,the Jakarta Post reported here on Tuesday.

The president said Indonesia's economy showed all the favorable conditions required to attain 7 percent growth by 2014 as long as there was economic and political stability.

A key contributing factor to economic stability, he said, was to have strong foreign currency reserves.

"We now have only 65 billion U.S. dollars (in foreign currency reserves). This must be increased in line with our volume of trading," Yudhoyono was quoted as saying.

The president conveyed that the government has set a target of 100 billion U.S dollars for currency reserves by 2014.

In his second five-year term, President Yudhoyono plans to have the unemployment rate fall to a range of 5 percent to 6 percent by2014 from the current 8 percent.

The government also plans to reduce the poverty rate into a range of 8 percent to 10 percent from the current 14.2 percent.

Source: Xinhua
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