ID :
73646
Mon, 08/03/2009 - 21:05
Auther :
Shortlink :
https://www.oananews.org//node/73646
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PRESIDENT : RI`S ECONOMIC POSITION BETTER THAN OTHER COUNTRIES
Jakarta, Aug 3 (ANTARA) - Although Indonesia could not disengage itself from the impact of global economic downturn, its economic position was far better than that of other countries.
President Susilo Bambang Yudhoyono made the statement in his state-of-the-nation address to introduce the bill on the 2010 State Budget and the Financial Note at an extraordinary plenary session of the House of Representatives (DPR) here on Monday.
"In fact, among the major countries in the world, Indonesia's economic growth at present is the third highest in the world after China and India," the president said.
He said it was a sharp contrast to the country's economic condition during the economic crisis in 1998.
"At the time our country was the hardest hit compared to other countries. This means that after 11 years of 'reformasi,' we have succeeded to build our domestic economy stronger and more self-reliant," the president said.
With Indonesia's membership in the G-20, the head of state the country was currently at the forefront in the effort to find a global solution to the current world economic crisis.
The G-20 which is made up of of Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, Turkey, Britain, the United States, South Korea, and the European Union, has 85 percent of the world's gross domestic product and is home to two thirds of the global population.
But in his address, Yudhoyono admitted that the pressure on the financial and banking sectors during the latter period of 2008 until early 2009 was extremely severe.
"This is the reason why Indonesia must continue to remain vigilant because it has drawn a lesson from the experience of the financial and banking crisis eleven years ago that has crippled the national economy," the president said.
"Thank God, this time around we are more than ready to anticipate it and can adopt the necessary policies to deal with it," the head of state added.***
President Susilo Bambang Yudhoyono made the statement in his state-of-the-nation address to introduce the bill on the 2010 State Budget and the Financial Note at an extraordinary plenary session of the House of Representatives (DPR) here on Monday.
"In fact, among the major countries in the world, Indonesia's economic growth at present is the third highest in the world after China and India," the president said.
He said it was a sharp contrast to the country's economic condition during the economic crisis in 1998.
"At the time our country was the hardest hit compared to other countries. This means that after 11 years of 'reformasi,' we have succeeded to build our domestic economy stronger and more self-reliant," the president said.
With Indonesia's membership in the G-20, the head of state the country was currently at the forefront in the effort to find a global solution to the current world economic crisis.
The G-20 which is made up of of Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, Turkey, Britain, the United States, South Korea, and the European Union, has 85 percent of the world's gross domestic product and is home to two thirds of the global population.
But in his address, Yudhoyono admitted that the pressure on the financial and banking sectors during the latter period of 2008 until early 2009 was extremely severe.
"This is the reason why Indonesia must continue to remain vigilant because it has drawn a lesson from the experience of the financial and banking crisis eleven years ago that has crippled the national economy," the president said.
"Thank God, this time around we are more than ready to anticipate it and can adopt the necessary policies to deal with it," the head of state added.***
