ID :
30429
Sun, 11/16/2008 - 00:04
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Shortlink :
http://m.oananews.org//node/30429
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INDEF ESTIMATES RI'S 2009 GROWTH RATE AT 5-5.9 PCT
Jakarta, Nov 15 (ANTARA) - The Institute for Development of Economics and Finance (INDEF) has estimated the Indonesian economy will grow 5-5.5 percent in 2009 because of the current global financial crisis.
"Our economy will still pick up with consumption as the driving force. I think, a growth-rate forecast of 5 percent is an optimum," INDEF economist Fadil Hasan said on Saturday.
He said the government must make efforts to increase efficiency and boost the domestic economy by altering the orientation of industrial policies.
For its part, the government must stimulate consumer spending, protect the domestic industry, and speed up development of infrastructure facilities, he said.
"That is what the government must do," he said.
The government must be able to combine domestic and foreign funding sources to finance the development of infrastructure facilities, he said.
To gain access to foreign funding sources, the government should struggle to get the global stability fund endorsed at the meeting of Group of 20 (G-20) leaders in Washington DC on Satuday, he said.
On Saturday, President Susilo Bambang Yudhoyono and other heads of state/government of G-20 countries were to meet to discuss overhauling the international financial system in response to the credit crisis and the threat of a global recession.
Earlier, State Minister for National Development Planning Paskah Suzetta who is also chief of the National Development Planning Agency (Bappenas) said the Indonesian economy was expected to grow 5.5 percent next year.
"Our economy will still pick up with consumption as the driving force. I think, a growth-rate forecast of 5 percent is an optimum," INDEF economist Fadil Hasan said on Saturday.
He said the government must make efforts to increase efficiency and boost the domestic economy by altering the orientation of industrial policies.
For its part, the government must stimulate consumer spending, protect the domestic industry, and speed up development of infrastructure facilities, he said.
"That is what the government must do," he said.
The government must be able to combine domestic and foreign funding sources to finance the development of infrastructure facilities, he said.
To gain access to foreign funding sources, the government should struggle to get the global stability fund endorsed at the meeting of Group of 20 (G-20) leaders in Washington DC on Satuday, he said.
On Saturday, President Susilo Bambang Yudhoyono and other heads of state/government of G-20 countries were to meet to discuss overhauling the international financial system in response to the credit crisis and the threat of a global recession.
Earlier, State Minister for National Development Planning Paskah Suzetta who is also chief of the National Development Planning Agency (Bappenas) said the Indonesian economy was expected to grow 5.5 percent next year.
