Dangerously Pushing for Growth
Monday, 16 May 2022
Forcing economic growth in such volatile conditions is a dangerous policy. It is akin to driving a bus through a hailstorm. As long as it does not slow down immediately, the bus is at risk of crashing anytime.
INDONESIA ought to be grateful that its economic growth for the first quarter of 2022 could still reach 5.01 percent. But there is one thing that we need to keep in mind: the bygone history. That 5.01 percent figure is a record for growth that has already happened, from the start of April 2021 until the end of March 2022.
It is true that a good record does matter. But what is more important to the investors is not just past performance, but rath...
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