Economic growth of a country is calculated based on the end of the year and predicted at the beginning of the year according to the prediction In 2010, estimated that the Indonesian economy would grow 5.7 percent. Economic growth rate is higher than the year 2009 that only 4.4 percent. But the economic growth rate was relatively low compared to its potential, and is projected to return to low quality.
ECONIT report, the institute of economic studies, on "Economic Projections 2010: Year of Determination", in a roundtable discussion held on Thursday (14/1/2010), at the Hotel Sultan, Jakarta. Economic observers from ECONIT Rizal Ramli to explain, as in 2009, the Indonesian economy will be driven back to the short-term speculative funds and high-interest debt (hot money and high-cost debt) and rising commodity prices.
In addition, Indonesia's economy will experience a slow recovery with the quality of growth is also low. "Economic recovery is highly dependent on hot money and high-interest debt and commodity prices, would make Indonesia's economy becomes very fragile in 2010," he said. Rizal added that Indonesia's economic growth in 2010 is predicted to reach 5.7 per cent will be achieved with almost the same strategy last year that encouraged private consumption, commodity prices, high-cost debt, and the influx of hot money.
Trade and agriculture sector is expected to grow higher than the year 2009. One of the two drivers of growth this sector is the world's economic recovery and rising trend in commodity prices. "The trend of export of raw materials and raw materials to China and India also become drivers of growth in agriculture and trade," said Rizal. The construction sector is also expected to grow significantly. Executive Director Hendri Saparini ECONIT added, to meet the target budget deficit financing in 2010 and sustaining macroeconomic indicators, the government will again maintain high interest rates. It is estimated, will SBI rate of 8-9 percent in 2010. High interest rate policy will also be maintained to anticipate higher inflation expectations, the threat of weakening exchange rate and to resist the wave of capital outflow. Inflation in 2010 is estimated at 6-7 percent.
ECONIT report, the institute of economic studies, on "Economic Projections 2010: Year of Determination", in a roundtable discussion held on Thursday (14/1/2010), at the Hotel Sultan, Jakarta. Economic observers from ECONIT Rizal Ramli to explain, as in 2009, the Indonesian economy will be driven back to the short-term speculative funds and high-interest debt (hot money and high-cost debt) and rising commodity prices.
In addition, Indonesia's economy will experience a slow recovery with the quality of growth is also low. "Economic recovery is highly dependent on hot money and high-interest debt and commodity prices, would make Indonesia's economy becomes very fragile in 2010," he said. Rizal added that Indonesia's economic growth in 2010 is predicted to reach 5.7 per cent will be achieved with almost the same strategy last year that encouraged private consumption, commodity prices, high-cost debt, and the influx of hot money.
Trade and agriculture sector is expected to grow higher than the year 2009. One of the two drivers of growth this sector is the world's economic recovery and rising trend in commodity prices. "The trend of export of raw materials and raw materials to China and India also become drivers of growth in agriculture and trade," said Rizal. The construction sector is also expected to grow significantly. Executive Director Hendri Saparini ECONIT added, to meet the target budget deficit financing in 2010 and sustaining macroeconomic indicators, the government will again maintain high interest rates. It is estimated, will SBI rate of 8-9 percent in 2010. High interest rate policy will also be maintained to anticipate higher inflation expectations, the threat of weakening exchange rate and to resist the wave of capital outflow. Inflation in 2010 is estimated at 6-7 percent.
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