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Jakarta Post

Unlocking the future, investing in Indonesia's human capital

PREMIUM
Jakarta   /   Tue, October 17, 2017   /  08:19 am
Unlocking the future, investing in Indonesia's human capital I found a notable difference in tone on the global economy: Optimism was in the air. (Shutterstock/File)

The World Bank Group annual meetings have just concluded. As finance minister, I represented Indonesia at the institution’s Board of Governors and advocated for our nation’s interests. Upon returning from the meetings, I found a notable difference in tone on the global economy: Optimism was in the air. The recent World Economic Outlook repart projected global growth to rise to 3.6 percent this year and 3.7 percent next year. This is credited to an upswing in economic activity: increased investment, trade and industrial production. Upward trends in the eurozone, Japan, Russia, emerging Asia and Europe are helping fuel this growth. Furthermore, the strengthening of business and consumer confidence will further support recovery. For Indonesia, this is the good news we have been waiting for. Even amid the global volatility, our economy is growing at around 5 percent. The gl...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.