{
    "success": true,
    "data": {
        "id": 1169015,
        "msgid": "susilos-economic-policy-1447893297",
        "date": "2005-08-29 00:00:00",
        "title": "Susilo's economic policy",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Susilo's economic policy President Susilo Bambang Yudhoyono's lack of resolute macroeconomic policy is a recipe for economic disaster on a magnitude similar to the hyperinflation of 1998. With Indonesia importing oil at inflated prices and selling at much lower price, we are practically importing inflation. Furthermore, this condition is aggravated by the government's inaction, which causes investors uncertainty and thereby further weakening the rupiah against the U.S. dollar.",
        "content": "<p>Susilo's economic policy<\/p>\n<p>President Susilo Bambang Yudhoyono's lack of resolute<br>\nmacroeconomic policy is a recipe for economic disaster on a<br>\nmagnitude similar to the hyperinflation of 1998. With Indonesia<br>\nimporting oil at inflated prices and selling at much lower price,<br>\nwe are practically importing inflation.<\/p>\n<p>Furthermore, this condition is aggravated by the government's<br>\ninaction, which causes investors uncertainty and thereby further<br>\nweakening the rupiah against the U.S. dollar. What Indonesia<br>\nneeds now is a strong macroeconomic policy aimed at halting a<br>\nfurther slide against the dollar. The government should make<br>\nuncompromising fiscal and monetary policies to stem consumption,<br>\nand therefore halt both inflation and the devaluation of the<br>\nrupiah.<\/p>\n<p>At the same time, the government needs to appreciate<br>\nPertamina's crude oil price, adjusting it to the world's market<br>\nfaster. Time is not a luxury we have and the president must be<br>\nstrong, determined and above all prepared to undertake the risk<br>\nof being criticized in order to rectify this economic<br>\ndisequilibrium.<\/p>\n<p>INDRA ADITYA PAMBUDY, Jakarta<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/susilos-economic-policy-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}