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Indonesia's Q4 Economic Growth Steady At 6.5%

Indonesia's economy expanded as economists expected in the fourth quarter, driven by higher investment and domestic consumption.

Gross domestic product increased 6.5 percent in the fourth quarter from a year ago, Statistics Indonesia reported Monday. The growth figure matched third quarter's expansion rate.

In 2011 year as a whole, Southeast Asia's largest economy grew 6.5 percent, faster than the 6.1 percent expansion logged in the prior year.

Quarter-on-quarter, GDP shrank 1.3 percent after expanding 3.5 percent a quarter ago. However, the rate of decline was smaller than an expected 1.5 percent fall.

by RTTNews Staff Writer

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