Risk of Slowdown in the Second Half of 2008

THE Indonesian economy grew surprisingly strong in the second quarter of 2008. Low interest rates pushed up consumption and investment, two components that are moving the economy. But rising prices of fuel and other essential goods at the end of the quarter slowed the rate of growth.

Rising prices have eroded consumer confidence to its deepest point ever. The inability of the government to control prices was cited as one of the main causes for t

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