ID :
89363
Fri, 11/13/2009 - 10:05
Auther :
Shortlink :
https://www.oananews.org//node/89363
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INDONESIA'S ECONOMIC GROWTH TARGET OF 5.5 PERCENT IN 2010 ACHIEVABLE
Jakarta, Nov 12 (ANTARA) - The economic target set by the government for 2010 at 5.5 percent is achievable, an executive said.
"Indonesia`s economic growth can well reach 5.5 percent. I am convinced this target will be met," Bramantyo Djohanputro, director of finance and HRD of PPM Management, said here on Thursday.
He said that with the people lowering the specifications of their goods expenditures, the inflation which was feared to disturb economic growth could be curbed.
Despite the fact that people would continue to spend money for their expenditure, they would be able to restraint from purchasing goods that could trigger inflation, he said.
On the other hand, he added, the form of self-restrain would not automatically reflect the weaknesses of their purchasing power.
According to Djohanputro, the relatively small number of worker layoffs in 2009 can reflect the real purchasing power of the people.
The ability of small-and-medium enterprises (SME) to sustain global financial crisis is, according to Bramantyo, not yet fully recorded. But based on his calculations, the SME contributed a lot to the country`s economic growth.
In order to achieve the 5.5 percent target, however, the government has to finish a basic homework, among others, improvements of bureaucracy, infrastructure, security and legal certainties in the business sector, he said.
"Indonesia`s economic growth can well reach 5.5 percent. I am convinced this target will be met," Bramantyo Djohanputro, director of finance and HRD of PPM Management, said here on Thursday.
He said that with the people lowering the specifications of their goods expenditures, the inflation which was feared to disturb economic growth could be curbed.
Despite the fact that people would continue to spend money for their expenditure, they would be able to restraint from purchasing goods that could trigger inflation, he said.
On the other hand, he added, the form of self-restrain would not automatically reflect the weaknesses of their purchasing power.
According to Djohanputro, the relatively small number of worker layoffs in 2009 can reflect the real purchasing power of the people.
The ability of small-and-medium enterprises (SME) to sustain global financial crisis is, according to Bramantyo, not yet fully recorded. But based on his calculations, the SME contributed a lot to the country`s economic growth.
In order to achieve the 5.5 percent target, however, the government has to finish a basic homework, among others, improvements of bureaucracy, infrastructure, security and legal certainties in the business sector, he said.
