Economic Condition In Indonesia Is Stable In The Middle Of

Global Crisis

Global economic crisis led to decrease economic condition in some countries around the
world. Inflation and bankcruptcy begin to enter some development countries and super power
countries. Even super power country such as United State faces difficult era on their economy
movement. However, this global crisis doesn’t make chaos for economic condition in Indonesia.
According to Governour of Bank of Indonesia, Agus Martowardojo, economic condition is still
stable. Even thoguh it runs slowly, but economi condition in Indonesia grows significantly. “On
our perspective, Condition in Indonesia is a country with most stable economy growth in
development country level,” Agus Martowardojo said.Bank of Indonesia apllies some strategic
programs to maintain economic condition in Indonesia.

The programs are combined with government’s reformation programs such as, the
acceleration of infrastucture projects, develompent of integration services, and some others
policy packages. The combination between Bank of Indonesia and government’s project can
keep stable the economi condition in Indonesia.Indonesia’s currency is assessed being better than
other countries. The weakness of the currency is lower and on reasonable limit. Even since
Otober 2015, rupiah starts to increase. The condition of rupiah is caused by improvement of
investment and reduced of uncertainty of United State interest rates. The market’s attitude on
policies that are applied by bank of Indonesia, government, and Financial Service Authority of
Indonesia is also the reason of rupiah improvement. Beside that, even though Indonesia gets
inflation, but it can be controlled.Even when subsidies of oil fuel is ommited, inflation
decreases. In prediction, inflation will be on 4 minus 1%.
 Even International Monetery Fund (IMF) appresiates economic condition in Indonesia in
the middle of global crisis. IMF appriciate the strategies of governmernt that applies good macro
economic policy and structural reformation which still continues. IMF predicts, shortly growth of
Indonesia’s economy will reach 5 %. IMF predicts that private consumption and private
investment will improve. It is caused by the improvement of comodity value and low interest
rates. Probabality of Indonesia that will be a developed country. Beside Bank of Indonesia and
IMF, optimism on economic condition in Indonesia is showed by Ministry of National
Development Planning, Bambang Brodjonegoro. Bambang aims growth of economy will reach
6-8% in 6 years. If it was succcesful, Indonesia will produce Growth Domestic Product around
USD 7.000 per capita per year. Economic condition of Indonesia which is stable is indicated by
reduction of poverty to 7-8%.

It also happen on amount of jobless which reduces to 4-5%. The reduction of poverty and
amount of jobless is planned to be reached perfectly on 2019. Except it, the improvement of
regional distribution is also the indication for good economic condition of Indonesia. According
to Bambang, the economic condition in Indonesia which is stable is caused by some factor. At
least, there are 7 factors, they are sufficient productive population, improvement of healhty and
education quality, the acceleration of infrastructure development, improvement of bussines
efectivity, high growth investment, improvenet on financial service, and high development of
technology and information.