Impact of Crisis Began to Subside
Bank Indonesia is assessing the impact of the global economic crisis could hit almost all sectors economy, now began to subside.
BI Senior Deputy Governor Nasution Nasution said Indonesia’s economy began to show improvement this year. This is evident from the preservation of inflation, a stable economic growth, strengthening the exchange rate, and improved foreign exchange reserves position reached 64.5 billion U.S. dollars at the end of October 2009 or the highest in history. ”We now begin the period of crisis began to subside. The signs of recovery have emerged,” said Nasution, the Working Meeting with Commission XI of DPR RI, in the Parliament building, Jakarta.
In addition, the condition of the domestic financial sector also improved. Bond market, stock market, and financial markets showed a significant strengthening.
According to Nasution, this is supported by the global financial markets which began to rise in the price index of global stock markets strengthened. Then, the perception of risk of financial market assets, both in developed and emerging markets are also improving.
On the domestic side, private consumption expenditure and investment levels remain high also triggers Indonesian economic recovery. ”Overall, the Indonesian economy by the fourth quarter, 2009 is expected to grow higher than the previous quarter,” he said.
