Indonesia is a developing country where the level of Indonesia's economic growth this year expected to be much faster to 5.5%. This figure could reach 6.5% in 2011 and 7% in 2012. Chief Economist & Group Head of Global Research of Standard Chartered Bank (SCB), Gerard Lyons submit estimates of economic growth in the next three years in a seminar "A Post Crisis World: Implications for Asia". Asia will lead the global recovery in 2010. Global growth will experience a rebound from the 2.9% depreciation of 1.9% in 2009
According to Senior Economist SCB Indonesia, the Indonesian economy is relatively more resilient against a global recession in 2009. This is due to a large domestic market and commodity prices high international export. As the GDP fell from 6.1% in 2008 to around 4.4% in 2009, its growth rate reached the third highest among the G20 countries after China and India. While the rupiah currency gained 16% or ranked fourth in the world's biggest and best improvement in Asia. Medium Composite Stock Price Index (JCI) rose 123% or to show the performance of third place in the world and the best in Asia.
Indonesian economy will be better in 2010. "We're very optimistic that Indonesia's GDP growth rose 5.5%, while the rupiah and JCI will experience significant competition and Indonesia will be established in the year 2012 according to predictions. Bank Indonesia (BI) will raise its benchmark interest rate, aka the BI Rate by 6.5% to 7.5% at the end of first half 2009. BI will maintain the BI rate in the range of these numbers until the end of December 2010. "Increased inflation will be limited and global interest rate is expected come down. Sekilas Indonesia's economic growth will be better than the year 2009.
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