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Jakarta Post

Analysis: The Jakarta office market: Full recovery ahead?

  • Anton Sitorus

Head of Research – Indonesia   /   Fri, March 26 2010   /  10:59 am

The impact of the financial crisis that struck the global economy in mid-2008 has shown some signs of improvement. For those affected economies, the contraction has slowed, owing to the various government stimulus packages that have helped spur domestic demand. For selected Asian economies the impact was muted and their economies continued to post positive growth — even during the crisis. Unlike many other countries around the world, Indonesia is fortunate to have emerged through this global crisis relatively unscathed. The strong domestic consumption rooted in a huge population base of approximately 240 million people has been the main engine of growth for the Indonesian economy over the past ten years. This is one of the key reasons why foreign and international companies continue to invest in Indonesia.This optimism has helped mitigate the negative impacts of the global crisis on th...