RBS: Indonesia Economic Growth 6.5% in 2013

JAKARTA - The Royal Bank of Scotland (RBS) said Indonesia's economy will grow positively in the next three quarters, RBS projected that Indonesia's economic growth in 2013 will be in the range of 6.5%.Southeast Asia RBS economist Enrico Tanuwidjaja describes domestic consumption and investment is still a main foundation of the Indonesian economy, but he saw something else that will make the Indonesian economy is growing export recovery in the second half."We predict that the Indonesian economy will increase when compared to last year, the Indonesian economy in 2013 will be in the range of 6.5% up 3% from 2012 of 6.2%," he said in the "Media Briefing Regarding Projected RBS Economy in 2013 "at Hotel Dharmawangsa, Jakarta, Thursday (18/4)Enrico assess export performance in the second half of this year was due to the improvement of the economy of the United States even though European countries still recovering. He explained what the United States government with either the fiscal cliff and reduce unemployment at least give effect to the recovery of their economies so that he believes the U.S. economy is improving it's economy Asian countries also improved.According to him this is the moment that must be utilized in Asian countries including Indonesia to improve export performance.He said the Indonesian leading sectors such as coal, palm oil and petroleum prices will likely go up in the second half so he is optimistic that with the improved export performance affect Indonesia's economic growth this year."Compared to last year's rise in commodity prices could reach 3% -4%, and this is a positive signal for the economy as well as to an increase in exports," he saidIn addition, he said the government plans to implement the dual price for premium fuel type (4500 for public vehicle / motorcycle) and (6500 for private cars) would affect inflation.He said inflation was under control and up 1% of the range of normal inflation of 4% -5%. Enrico assess different if the government raised fuel prices on all types of vehicles as it did in 2008, he said that if the government does it, inflation will exceed the economic growth of 8% -9%.He said there are many other things to do than think about whether the government's fuel price is rising or not. He said it is improving the quality of the infrastructure, improve regulation, improve product competitiveness, improve the quality of the workforce and provide the best health care. According to him all the things important to the government in order to maintain the momentum of economic growth in order to grow over 6% annually.