Economy grows 6.3 percent from 2011 to 2013

The World Bank projected the economic growth of developing countries will experience a slowdown from 7.3 percent in 2010 to average around 6.3 percent in the period 2011-2013.

Based on World Bank report "Global Economic Prospects" June 2011 edition received here on Friday, noted that developing countries should focus on at this time to overcome challenges such as achieving balanced growth.

According to the report, how to achieve balanced growth through structural reforms, among others, cope with inflationary pressures, and the face of rising commodity prices.

Consistent with the projections of developing countries, a group of high-income countries are also expected to experience economic growth rate is slowing, from 2.7 percent in 2010 to 2.2 percent in 2011, then 2.7 percent in 2012, and 2 , 6 percent in 2013.

Multilateral financial institutions was also stated, there are many developing countries whose economy is operating above capacity so that the risk of "overheating", especially those in Asia and Latin America.

While inflation in developing countries reported nearly 7 per cent yoy in March 2011, while inflation in high-income countries have also touched the figure of 2.8 percent in April 2011.

The increase in inflation the highest found in East Asia, Middle East and North Africa region.

The World Bank also warned that rising oil prices and shortages of food production due to bad weather also contributed to soaring food prices.

The price surge is also considered to have negative consequences for the poor who spend most of their income for food.

As already reported, the Bank Indonesia (BI) believes there is still potential for Indonesia's economy to grow higher than expected if the various constraints in the economy can be identified properly and find a way out.

"With the support of adequate infrastructure, good transportation-related infrastructure such as roads, ports, and airports, as well as those related to the availability of energy for businesses, we are of the view that economic growth in Indonesia in 2012 could be higher than the range of 6.1 to 6 , 6 per cent, "said Nasution Governor of Bank Indonesia in Jakarta, Thursday (9 / 6).

According to him, Indonesia's economy predicted to continue to improve thanks to the impetus is maintained macroeconomic stability, with economic growth expected to be at the upper limit of the range of 6.0 to 6.5 percent in 2011 and increased by 6.1 to 6.6 percent in 2012.