TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Maintaining resilience in Jokowi’s second term

Winarno Zain (The Jakarta Post)
Premium
Jakarta
Tue, May 28, 2019 Published on May. 28, 2019 Published on 2019-05-28T09:57:44+07:00

Change text size

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Maintaining resilience in Jokowi’s second term President Joko “Jokowi” Widodo speaks during the launch of the 2019-2024 Indonesian Sharia Economy Masterplan in Jakarta on May 14. (Antara/Akbar Nugroho Gumay)

T

he Indonesian economy has proven to be resilient amid slowing global growth and a tumultuous world market. Although there are some vulnerabilities that still raise concerns, several macroeconomic indicators show that the economy is doing reasonably well.

But to maintain economic resilience, President Joko “Jokowi” Widodo needs in his second term to address several issues that have plagued the economy for so long.

The first is the weakness of the manufacturing sector, whose growth fell significantly to 3.9 percent in the first quarter of 2019, the lowest level since the third quarter of 2017. Growth declined despite the 17 economic packages that Jokowi issued to strength the manufacturing sector.

The manufacturing sector, the largest component in the gross domestic product (GDP), and the largest source of employment, seemed to have been sidelined by investors, as the commodity boom before 2013 had attracted them to the commodity sector. When the commodity boom ended, the country was left with a weak manufacturing sector. Reinvigorating manufacturing growth should be high on Jokowi’s agenda.

to Read Full Story

  • Unlimited access to our web and app content
  • e-Post daily digital newspaper
  • No advertisements, no interruptions
  • Privileged access to our events and programs
  • Subscription to our newsletters
or

Purchase access to this article for

We accept

TJP - Visa
TJP - Mastercard
TJP - GoPay

Redirecting you to payment page

Pay per article

Maintaining resilience in Jokowi’s second term

Rp 35,000 / article

1
Create your free account
By proceeding, you consent to the revised Terms of Use, and Privacy Policy.
Already have an account?

2
  • Palmerat Barat No. 142-143
  • Central Jakarta
  • DKI Jakarta
  • Indonesia
  • 10270
  • +6283816779933
2
Total Rp 35,000

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.

Share options

Quickly share this news with your network—keep everyone informed with just a single click!

Change text size options

Customize your reading experience by adjusting the text size to small, medium, or large—find what’s most comfortable for you.

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!

Continue in the app

Get the best experience—faster access, exclusive features, and a seamless way to stay updated.