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

Recovery depends on US, probably in Q1 2010

  • Mustaqim Adamrah and Aditya Suharmoko

    The Jakarta Post

JAKARTA   /   Thu, April 23 2009   /  11:36 am

Indonesia’s economic recovery will depend heavily on how reforms in the US and Europe manage to lift them out of the worst downturn in decades, a minister says. “We know the first and second quarters of this year will be the most affected by the impacts of the global [economic] crisis,” acting Coordinating Minister for the Economy Sri Mulyani Indrawati said Wednesday.
“Unless the financial and banking systems in Europe and the United States are fixed, there’s a chance the economy will continue to weaken until the first quarter of 2010.”
However, Mulyani said if positive sentiments continued in the third quarter of this year, “there is a chance for recovery to start in the second semester [of this year]”.
Mismanagement of financial policies and the banking system in the United States has been blamed for triggering the crisis, which h...