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12.
RI FASTEST GROWING COUNTRY IN ASIA PACIFIC REGION : FOREIGN
OBSERVER
Jakarta
- Indonesia's commercial consumption expenditures (CCE) in 2006 rose by 25
percent to US$467.8 billion from a year earlier, making it the fastest
growing country in the Asia Pacific region, a foreign economic observer
said.
Indonesia
saw the fastest growth among five Asia-Pacific countries which recorded
fairly significant growth last year, senior vice president for Commercial
Solutions for Asia and the Pacific, Michael Cannon, said in Jakarta on
Thursday (29/03).
The
Philippines and Thailand whose CCE grew by 18 percent respectively trailed
behind in second place, followed by Sri Lanka (17 percent) and Vietnam (16
percent), he said.
Japan
was listed as the biggest market in the Asia Pacific region last year,
with total expenditures reaching US$5.3 trillion, he said. China came in
second with US$4.2 trillion, followed by India (US$1.9 trillion), South
Korea (US$1.9 trillion) and Australia (US$1.1 trillion), he said.
The
CCE growth in Asia and the Pacific was to be attributed to the economic
growth of Asian giants such as China, India and South Korea, which saw
two-digit growth last year, making the region the fastest growing one in
the world, he said. The total amount of expenditures in the region reached
an estimated US$17 trillion last year, he said.
He
said the CCE Index provided the global financing industry with an
objective and consistent way to monitor the global business sector's
expenditures (Antara, 29/03/07)
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