A Chaotic Year?
Tuesday, January 20, 2009
The global recession could result in Indonesia's economic growth slowing down. The manufacturing sector has been hit hard. The unemployment rate will shoot up. However, amidst all the chaos, there is still hope. The energy, food and infrastructure sectors all have promising opportunities. The country's central bank, Bank Indonesia (BI) has also made a breakthrough measure by reducing its reference rate, the BI Rate.
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THE year 2009 could become a really chaotic year. A true anno horribilis. The effects of the subprime mortgage crisis in the US have not yet started to subside. However, when the chaos started to grow in August 2008, the effects of this crisis were already extraordinary. Share prices plummeted and stock exchanges throughout the world got really bogged down. Global finance companies, the class of Lehman Brothers, collapsed one by one.
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