Indonesia’s $514 billion economy is likely to finish up 2009 with 4.3 percent growth and between 5 percent and 5.5 percent in 2010, according to the Indonesian central bank. The government’s monetary policy will be directed “toward keeping inflation low while taking into account the recovery of the economy.”
The Indonesian economy has fared better than its neighbors during the worldwide recession as it is less reliant on exports. Consumer spending has also increased.
Indonesian finance minister said this week that the government’s fiscal policies in 2010 would be aimed at aiding economic recovery and improving employment to combat the global recession. “Fiscal policies will be aimed at continuing stimulus … whether in form of infrastructure spending, subsidies to maintain purchasing power, or investment incentives like tax cuts”
