Indonesia Urged to Anticipate Slowing Economic Recovery in Europe

Jakarta, Indonesia (News Today) - Indonesia must remain alert about possible slowing of economic recovery European countries which face the possibility of a relapse into crisis, Finance Minister Agus Martowardojo said.

"We have noted that in some of the world’s major countries economic recovery is happening not as hoped for. So Indonesia must be aware of it," he said on Monday in Jakarta.

He said the government would monitor inflation, the possibility of imports increasing and was hoping infrastructure development can be sped up.

"We should monitor inflation, watch any sharp increase in imports, and see to it infrastructure development is expedited," he said.

Agus said the government would support real sector development in order to encourage the creation of quality economic growth with equitability.

" We professionally give support to the real sector so that we can together witness a better economic growth in Indonesia and all its regions in an equitable way," he said.

Meanwhile, an economic observer of the Center of Indonesian Development Studies (CIDES), Umar Juoro, said the prospect of Indonesian economic development remain stable although there were uncertain condition in the global economy.

"As long as there are no world crises, our economic development will pick up," he said

Therefore, he said, Indonesia must be aware of a slowing of world economic recovery and manage foreign direct investment.

"It is necessary to raise our financial assets through IPOs and give permission to foreigner to own property for certain purposes and also devise policies how to make portfolios stay longer in Indonesia," he said.

According to Agus, m, the government should settle the classical problems of improving regulations and develop infrastructure significantly. In the sectoral field, he said the government’s role is absolutely needed to facilitate the revitalization of the manufacturing , agricultural and oil-and-gas sectors.

Source : kompas

Posted in: