Bright Spots and Warning Signs
Indonesia’s economic prospects for 2011 look bright, with a caveat. A number of sectors are expected to grow rapidly, albeit lacking in quality. Meanwhile, the capacity to absorb the workforce remains low, infrastructure development is chaotic and economic cost is high. The government must work hard to sustain the growth.
December 8, 2010
Next year, the Indonesian economy will move faster,” said Hatta Rajasa, Coordinating Minister for the Economy. His words have been echoed by some government officials these last few weeks. Hatta keeps saying again and again that economic growth in 2011 will surpass this year’s to become about 6 percent.
Hatta is not alone. Bank Indonesia Deputy Governor, Hartadi A. Sarwono, is equally optimistic. He said that the central bank has projected n
...