The global slowdown in trade, particularly in commodities, that has afflicted emerging economies, is combining with economic nationalism, drift and mismanagement to take its toll on Indonesia. First-quarter gross domestic product growth fell to 4.71 percent annually, the poorest performance since the depths of the global credit crisis in 2009, compared with 5.1 percent growth a year earlier. With the latest development, the odds that the government will be able to meet its projected 5.7 percent GDP growth for the full year of 2015 are not good.
Indonesia Starts to Pay for its Inconsistencies
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Indonesia Starts to Pay for its Inconsistencies
The global slowdown in trade, particularly in commodities, that has afflicted emerging economies, is combining with economic nationalism, drift and mismanagement to take its toll on Indonesia. First-quarter gross domestic product growth fell to 4.71 percent annually, the poorest performance since the depths of the global credit crisis in 2009, compared with 5.1 percent growth a year earlier. With the latest development, the odds that the government will be able to meet its projected 5.7 percent GDP growth for the full year of 2015 are not good.