Summary
Indonesia is doing remarkably well and is attracting growing numbers of investors from abroad, although the local business climate still leaves much to be desired. The expansion of real GDP accelerated in the third quarter of 2009 for the first time in more than a year, as lower interest rates and political calm, following the strife-free reelection of Pres Susilo Bambang Yudhoyono in July, promoted consumer spending. The Central Bank forecasts that growth will quicken to 5.5% in 2010 from 4.3% in all of 2009, driven primarily by consumer demand, and Pres Yudhoyono has said his government aims to achieve economic growth of 7.0% by the end of his second five-year term in 2014, a goal that no longer looks unreachable. Meanwhile, the parliament last September passed a law that dilutes the independence of the special Corrupt Crimes Court, set up in 2003, by allowing its staff of judges to include a majority from the regular justice system.
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Hot Spots: Indonesia
The country is doing remarkably well and is attracting growing numbers of investors from abroad, although the local business climate still leaves much to be desired. The expansion of real GDP accelerated in the third quarter of 2009 for the first time in more man a year, as lower interest rates and political calm, following tile strife-free reel...
See the full content of this document
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