The Crisis Isn't Over Yet

THE NEW GOVERNMENT HAS apparently not done much to help Indonesia out of the economic crisis. At least, this is the conclusion one can make after looking at Indonesia's economy during 2001. Almost all macro-economic indicators have in fact worsened (see Dashed Hopes). The rupiah exchange rate has averaged Rp10,200 against the US dollar during 2001, depreciation of 17 percent compared to last year. Indonesia is also facing a lengthy budgetary cr

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