Under the Shadows of Recession

January 8, 2002

The face of Indonesian economy in 2002 is likely to remain gloomy. A combination of the chaotic internal conditions and the threat of global recession have caused the dream of rising from the debris to be put in abeyance. The lack of legal certainty and the increasing threat to security in doing business due to bombing terrors, riots, and SARA (ethnic group, religion, race, inter-groups) conflicts have deterred investors from coming to Indon

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