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Economic recession
Sat, 10/11/2008 11:23 AM | Opinion
Your comments on the global economic recession and the action required to buffer the impact to the Indonesian economy.
I call on Indonesians not to panic because of the collapse of the U.S. economy. We have to be careful when we buy investment products. TERRY KOMALA
Jakarta
If the Indonesian's average salary is US$200 per month, I would think that getting through to the end of the month would be the biggest concern. Could we (the readers of The Jakarta Post) manage on $200 for one month? I think a recession is a distant thought to millions of Indonesians. C.J
Jakarta.
The global financial crisis that started in the United States has affected developing countries, including Indonesia. Great shocks in the capital markets in Western countries show the fragility of the capital market -- like a spider web.
It seems that it is the end of the capitalist economic system. To anticipate the worsening impact of the global crisis, the Indonesian government needs to revise its trade policy. TRI WAHYU
Jakarta
As global recession is around the corner, Indonesia has experienced a free fall in its stock exchange and the rupiah. To face the worst, the country should be ready to curb the inflow of Chinese illegal products because the U.S. will not be able to import those Chinese products due to its financial meltdown. M. RUSDI
Jakarta
As far as I know, we are still in the middle of the economic crisis, aren't we? But Indonesia will survive. That's one thing for sure. Its people are dealing with the crisis very well. They don't even realize that they're in the middle of the economic crisis.
We could be invited by the U.S. people to teach them on how to face the crisis. I'd say, a special preparation won't even be necessary, everyone is prepared for the worst. WENNY MUSTIKASARI
Tangerang, Banten
Firstly, we have to stop importing nonessential goods. And the government has to introduce policies to curb the import of such goods.
Secondly, we need to do the best to attract investments from oil rich countries as they are relocating their investments from the United States and the EU to Asia.
Thirdly, we have to find new export destinations as we now cannot expect to export our goods to the two major traditional destinations. DODI PRESMANA
Jakarta
