Indonesian Political, Business & Finance News

Anticipating a global recession

| Source: JP

Anticipating a global recession

So far, the Megawati cabinet has failed to announce any
particular strategy to deal with a looming global economic
recession. No signal has been given either on how the government
intends to revitalize the domestic market. Its energy still seems
to be focused on the problem of debt and how to bridge the gaping
budget deficit, as well as the trend toward a weakening rupiah.

However, it is advisable for the government to devote some of
its energy to getting the real sector in shape while at the same
time improving law enforcement and maintaining public order. Our
natural resources in agriculture, the maritime area, forestry and
mining hold quite significant potential. We need some
breakthroughs and more daring efforts in order to benefit from
them.

-- Bisnis Indonesia, Jakarta

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