Vice President Boediono explained there are two things that affect the stability of the Indonesian economy. If two things are stable, the Indonesian economy will grow.

Vice President Boediono

Vice President Boediono explained there are two things that affect the stability of the Indonesian economy. If two things are stable, the Indonesian economy will grow.

"Indonesia's economy depends on the two pillars, namely political and macroeconomic stability," Boediono said at a speech opening the Indonesia Summit Confererence Economist at ShangriLa Hotel Jakarta, Thursday (28/02/2013).

Boediono confirms Indonesia's current political situation is stable, although there are still shadows of past political ketidakstabilitas. But since Indonesia is able to pass through a period of reform and succeeded against the odds, then the growth of Indonesia again thrive.

In the era of democracy, political conditions in the country are also lively. This was evidenced by the election of regional heads to both the President could take place as well. "Although there are still some that have to be fixed here and there," he added.

In macroeconomic terms, the current domestic economic growth is still supported by a majority of about 60 per cent of domestic consumption.

It was also supported by the natural resources of Indonesia are very wide and varied. On the other hand, Indonesia is still supported by a growing middle class is growing. Moreover, the growth of the middle class has always been dominated by a young population.

"This domestic consumption sector will still dominate Indonesia's economic growth in the next 2-3 years," he added.

This is evident from the variety of modern retail stores are much established in Indonesia. Although the shop is almost identical, retail stores still provide a double advantage for the shop owners. Looking ahead, the investment sector will be the backbone of Indonesian economy beyond domestic consumption.

But it is still constrained by the lack of infrastructure.

In terms of global, Boediono predicted that the global economy will recover so that it would also be a positive boost for domestic exports continued to experience deficit.