Crisis Averted

January 29, 2008

THE government must not be caught off-guard by the seeming recovery in world stock markets. After last Tuesday’s dramatic setback—a day businesspeople now refer to as Black Tuesday—the rebound in indexes may not be permanent, although it could dispel concerns that the crisis in the world market will be prolonged. Indonesia, however, may still experience the impact of a global economic slowdown. As the saying goes, when the world economy—p

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