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Jakarta Post

Kadin calls for swift steps as economy under more pressure

  • Aditya Suharmoko

  /   Mon, March 30 2009   /  11:58 am

A further downward revision of Indonesia’s forecast economic growth by the central bank shows the economy is under stronger pressure from the global financial crisis, the Indonesian Chamber of Commerce and Industry (Kadin) says, urging the government to take more rapid steps to mitigate the crisis. Bank Indonesia (BI) has revised downward the bank’s economic growth forecast to between 3 percent and 4 percent from their previous estimate of between 4 percent and 5 percent, as investment and exports have plummeted, BI senior deputy governor Miranda S. Goeltom said last week. “The revision by BI shows that our economy is getting worse. The government and the House of Representatives need to take swift measures by focusing on implementation of projects in the economic stimulus package,” Bambang Soesatyo, the head of domestic trade committee at the Indonesian Chamber o...