RI Economy Less Prone to Crisis than China: Gita

25 Oktober, 2011 | Source: The Jakarta Post

Trade Minister Gita Wirjawan said that the structure of Indonesia’s economy is different from China’s and is less vulnerable to fallout from the current economic crisis in Europe and the US.

“Our economic structure is quite different from China’s. China’s economy is export-based, contributing to around 60-70 percent of its gross domestic product. On the other hand, our economy is based on domestic consumption,” he said Monday following a lecture by American economist Prof Nouriel Roubini in Jakarta, as quoted by kompas.com.

Roubini explained during his lecture that Indonesia’s orientation toward domestic consumption would fare well against the impacts of the present global economic crisis.

Gita said that the government would strive to strengthen the domestic market while also attempting to promote exports.


President Joko Widodo (Jokowi) has stated that according to US News and World Report survey results, Indonesia was in the second place among the world`s two most attractive countries for investment destination.
Indonesian President Joko Widodo (Jokowi) thanked the Asian Infrastructure Investment Bank (AIIB) for funding several Indonesia`s infrastructure projects.
President Joko Widodo expressed congratulations to mothers and women on the occasion of the International Women`s Day in front of the recipients of Smart Indonesia Card, Hope Family Program, and Social Rice (Rastra) assistance.
Presidential Chief of Staff Moeldoko received the visit of the American ambassador to Indonesia, Joseph R Donovan Jr, at his office in Jakarta on Monday, to discuss a number of bilateral cooperation, including joint military training.
The Kazakh government is interested to learn the Indonesian National Counterterrorism Agency (BNPT)′s soft approaches to deal with terrorism, BNPT Chief Commissioner General Police Suhardi Alius said in a press statement released on Sunday.
Indonesia`s Trade Minister Enggartiasto Lukita revealed that the country`s exports in 2017 had reached US$168.7 billion, a year-on-year increase of 19.8 percent.
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