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| Strong domestic demand has been one of key drivers of growth in Indonesia |
Indonesia's
economy grew more than expected in the second quarter as domestic consumption
helped offset a decline in demand for exports.
The economy
expanded by 6.4% during the three months, from a year earlier. Most analysts
had expected a growth of 6.1%.
Economists
said low interest rates, stable consumer price growth and strong consumer and
business confidence had helped boost domestic demand.
Indonesia
is South East Asia's largest economy.
"As
per today's data, Indonesia remains one of the fastest growing, and perhaps
more importantly, one of the most stable economies in Asia," said Taimur
Baig, an economist with Deutsche Bank.
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