Indonesia ready to anticipate Eurozone crisis, says VP

Vice President Boediono reiterated on Monday that Indonesia was ready to anticipate the impact of the Eurozone crisis thanks to strong economic foundations.

“Indonesia's economy is still solid,” Boediono said as quoted by tempo.co in his speech at the Kompas100 CEO Forum in Jakarta.

Boediono said the global economy would face uncertainty next year, adding that with the crisis in Europe, developing countries like China, India and Brazil would likely experience economic slowdown.

However, he said, the Indonesian government would prepare itself to anticipate the worst case scenario.

Indonesia had a valuable experience when facing the 1997 economic crisis, prompting the then government to issue new policies in finance, real sector empowerment and social funds, he pointed out.