Friday, 5 June 2009

Indonesia has recovered, but still fragile

Indonesia’s economy has entered the initial stage of recovery after being hit by the global economic crisis. During the first quarter of 2009, the economic growth reached 4.37%. However, Finance Minister Sri Mulyani said the domestic economy is still fragile since the level of trust from the business sector is not strong yet. Meanwhile, DBS Group predicted that Indonesia’s economic growth will slow down from 6.1% in 2008 to 4.3% in 2009, although the country is still better than some other countries in Southeast Asia.
Source: PA Asia - Public Affairs and CSR from Kompas, 29 May, p.17

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