The Ministry of
Finance Bambang Brodjonegoro disclosed at the G-20 Meeting in Ankara, Turkey
who was accompanied by the Governor of BI Agus Martowardojo that the world’s
economic climate today was disheartening because not a single country had good
hope this year. l have just returned from Turkey. The ambience of that meeting
was not good mood because no a single country seemed to have good hope this
year. Bambang said at the Parliamentary Meeting in Jakarta on Monday (7/9).
Bambang said that all participants
at the meeting agreed to assume that growth of global economy would be lower
their year than in 2014. The USA who was being indecisive about increasing Fed
Fund Rate was asked to minimize negative effect on other countries. “China saw
that currency devaluation was necessary because they had problem with it, while
Europe and Japan were Nit in good mood either”, Bambang said.
G-20 countries Bambang said also
agreed that commodity price go up the percentage would not be significant. A
clear example was oil price which had dropped by 50%. G-20 was not binding so
they could not unite in one common action. This year the potential of global
growth was only 3.2% against 3.4% last year”, he remarked.
Bambang said that IMF believe that
in 2016 America would normalize their monetary while China would stop
devaluating. Accordingly the optimism for 2016 was 3.8% growth. “Still we have
to be careful because normally IMF sat target high at the start, only to
further lower it”, Bambang concluded. (SS)
Business New - September 11, 2015
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