Indonesian economy to suffer most in H1 of 2009: Minister
3/12/2008 17:36
Indonesia will suffer the most severe impact of global financial crisis in
the first half of 2009, with a massive lay-off, said an official
yesterday.
"For the first half, the most severe impact will hit real sectors
and we really cannot avoid massive lay-off," the Sindo daily quoted the
Indonesian acting Chief Minister for Economic Sri Mulyani Indrawati as
saying.
Mulyani reiterated that the situation is likely to have political
impacts on all, especially the coming president after being elected through the
2009 general and presidential election.
"It was such a nightmare for the
president, since the massive lay-off will influence his political situation and
decision," she said.
The Indonesian government under President Susilo Bambang
Yudhoyono's administration maintained efforts to strengthen and consolidate the
business sector to help limit the impact of the global financial crisis, and
attempt to resolve the country's business problems such as massive lay-off from
several industrial sectors.
Xinhua
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