INDONESIAN ECONOMY 4TH QUARTER 2008
The Banks Hold the Key
Tuesday, March 3, 2009
Indonesia's economy started to slow down in the fourth quarter of 2008. The growth was only 5.2 percent, a big drop from the previous quarter's 6.1 percent. This year, the export performance and domestic consumption that are drivers of Indonesia's economy will weaken. If banking funds continue to drag and be expensive, it's likely that the growth will be negative.
arsip tempo : 173498403090.
THE crisis shows its form. The world economic slump causes Indonesia's exports to decline. Domestically, people's consumption continues to be a problem. Layoffs are inevitable. The economy is weakening. In the fourth quarter, Indonesia's economy enjoyed a growth of 5.2 percent only, down from the previous quarter's of 6.1 percent. Economic growth in the first quarter of this year is estimated to be lower.
To revive, capital is needed. Unfortunately, b
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