Indonesian Economy Has Strength to Face Middle East Crisis
- Istimewa
France – Chairman of the Advisory Board of the Indonesian Chamber of Commerce and Industry (Kadin) Anindya Novyan Bakrie stated that Indonesian economic has strength to face the Middle East crisis.
Bakrie made this statement during a meeting with the Secretary-General of the International Chamber of Commerce (ICC), John Denton, at the ICC Headquarters in Paris, France, on Wednesday (April 17).
According to him, Indonesia's macroeconomic condition has resilience in facing some crises whether caused by global geopolitical or geo-economic escalations.
"To the ICC Secretary-General, I expressed optimism that Indonesia's economic are powerful enough to face crisis in the Middle East," He said in a statement.
Several points are showing the strength of the macroeconomy include Indonesia's ability to maintain growth above 5 percent.
"While the global economy is only growing at an average of 2 percent, we and other countries, such as India and China, are able to grow above 5 percent," he stated.
Anindya Bakrie (dok. Instagram @anindyabakrie)
- VIVA.co.id/Mohammad Yudha Prasetya
Another point is controlled inflation, far below other OECD member countries. Indonesia's inflation rate, based on data from the Central Statistics Agency (BPS) as of last March, stood at 3.05 percent annually.
Regarding the depreciation of the Rupiah exchange rate, which has surpassed the psychological level of IDR16,000 per US dollar, Bakrie remarked that this is not the first time happened.
Meanwhile in April 2020, the Rupiah exchange rate experienced a similar fate. The depreciation of the exchange rate was not only experienced by the Rupiah but also by other regional currencies.
Then, Anindya Bakrie stated that the government and Bank Indonesia already have experience in dealing with pressure situations like the current one.
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