Indonesia says its economy -- Southeast Asia's biggest -- grew 6.23 percent in 2012, supported by strong private consumption and investment. The Central Statistics Agency added that in the three months to the end of December growth came in at 6.11 percent year on year. However, statistics office chief, Suryamin, who goes by one name, told reporters: "This growth is below expectations due to the ongoing global crisis and because of (Indonesia's) trade deficit." The full year figure fell short of government forecasts of 6.5 percent growth and the central bank's estimate of 6.3 percent. The economy grew 6.5 percent in 2011 and 6.1 percent in 2010.
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