RI must keep watch over global economic crisis: WB

RI must keep watch over global economic crisis: WB

World Bank Director Sri Mulyani Indrawati (FOTO ANTARA)

"Indonesia needed to be alerted and be careful. Overcast skies will be followed by rains and storms. So, Indonesia must prepare an umbrella and anticipatory steps to minimize its impact, World Bank Director Sri Mulyani Indrawati said.
Jakarta (ANTARA News) - World Bank Director Sri Mulyani Indrawati said Indonesia should keep watch on the global economic crisis so that it will be able to take anticipatory steps over its impacts.

"Indonesia needed to be alerted and be careful. Overcast skies will be followed by rains and storms. So, Indonesia must prepare an umbrella and anticipatory steps to minimize its impact, Sri Mulyani said here on Thursday.

She said one cannot reject if it happens. It is almost certain that crisis will take place. "What the government can do is to keep watch and make calculation to minimize its impacts.

The WB director said Indonesia`s economic growth in the first semester of this was quite high if compared with the world`s average growth in recent days.

She also said that Indonesia`s ability to maintain the momentum seemed to be relatively strong.

"We predict that Indonesia`s economic growth at present will still be over six percent," she said.

She reminded however that in the second semester of this year the risks that might come from the global economic crisis would take place in a number of sectors.

The situation in Europe, particularly with regard to policy taking, still seemingly needs time to overcome. It even keeps potentials to create different crises which could affect confidence in the world economic development.

The second thing is that the United States economy would still face a test with a general election which could affect the world economy.

In the meantime the slowing Chinese economic growth has negative impact on Indonesia`s economic developments at the end of the second semester of 2012, whose impact might likely be felt in 2013.

However, she said Indonesia is able to survive and overcome the impacts of the global economic crisis, which is taking place in the United States and Europe.

"Indonesia is able to overcome the crisis and the global economic condition. The uncertain world economic condition is still going on and many developing countries like Indonesia are strong to face it," she said.(*)

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