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Jakarta Post

KSSK promises 'vigilance' in anticipating impacts of US-China trade dispute

  • Marchio Irfan Gorbiano

    The Jakarta Post

PREMIUM
Jakarta   /   Wed, July 31, 2019   /  02:41 pm
The Jakarta Post Image
Counting costs: Finance Minister Sri Mulyani (second left) shares a light moment with (from left) Financial Services Authority board of commissioners chairman Wimboh Santoso, Bank Indonesia Governor Perry Warjiyo and Deposit Insurance Corporation commissioner Destry Damayanti at the close of a press conference in Jakarta on Tuesday, July 30.(Antara/Galih Pradipta )

  The prolonged trade spat between the United States and China has shaken the world’s financial markets, disrupted the global supply chain and suppressed economic growth in many countries, including Indonesia. Finance Minister Sri Mulyani Indrawati said that US-China trade tensions were the primary consideration for regulators when discussing external risks to the domestic economy, adding that the dispute could potentially spill over to other countries that served as hubs for Chinese exports to the US. “This factor has weakened international trade and dimmed prospects for global economic growth,” Sri Mulyani said on Tuesday, during a press conference in Jakarta that announced the results of the assessment of the Financial System Stability Committee (KSSK) on the national economy. The ...