Take advantage of the Global Economic Recovery
Economy September 7th, 2009
CONDITIONS economy in 2010 is estimated to be better than the previous year. This estimate is caused by several things, one of which is a global economic recovery from the blows of the crisis.
But Indonesia Could use the opportunity of global economic recovery to boost domestic economic activity? Year 2009 can be regarded as a climax to impact the global economic crisis is reflected in domestik.Hal macroeconomic indicators, especially ekonomi.Pemerintah growth estimates 2009 economic growth reached 4.3 percent, where this figure is lower than 2008 and 2007, respectively 6.1 percent and 6.3 percent.
But the government is targeting 5.5 percent growth in 2010. This means that the domestic economy bergeliat chance of returning, at least equal to the pre-crisis conditions. Reflecting on the above conditions, it can be concluded that the global economy has a major influence on the domestic economy, which bertransmisi through trade and financial channels.
In the financial point, impact of global crisis manifests itself in the withdrawal of funds by foreign investors that have liquidity problems, as well as more economic financing inhibition by financial institutions. While the trade routes, the impact of the crisis manifests itself in weak trade flows of goods and services, thus weakening effect on the real sector.
Based on World Bank data, during July 2008 – February 2009, the export value dropped by 43 persen.Namun net export contribution to the Gross Domestic Product (GDP) remained positive, because at the same time, the value of imports dropped by 56 percent. In general, the global economic recovery will positively impact the domestic economy. Also bertransmisi impact through financial and trade channels.
In the financial point, impact the global economic recovery manifests itself in increased capital inflows into the domestic financial sector, both short-and long-term capital inflows panjang.Peningkatan is caused by the weakening U.S. dollar and low U.S. interest rates. Therefore, investors looking for alternative investments more profitable, one of Indonesia’s financial markets.
These funds may be one of the stimulus to drive the economy, through government spending and private investment. Meanwhile, the trade routes of transmission seen in the increasing flow of trade. Global economic recovery marked by the recovery of commodity prices and volume ekspor.Pada time of crisis, the export value has fallen dramatically because of falling prices.
But as the economy has recovered, rising commodity prices again, so that exporters can enjoy the benefits that lebih.Selain, menggeliatnya the global economy could increase demand for re-export products Indonesia.Berdasarkan World Bank data, during February 2009-August 2009, the value of re-exports increased by 48 persen.Peningkatan this can still happen if the global economy has fully recovered.
It can not be denied, global economic conditions affect the economic impact domestik.Perbedaan between one country to another is only on the degree of influence. Can be considered, a worsening global economy only a small effect on the domestic economy. Conversely, if the global economy had recovered, of course every country can gain benefit from the circumstances.
Therefore, what needs to be done after the global economy to recover is to gain maximum benefit, either through trade routes and lines finansial.Pemanfaatan this opportunity may be one means to accelerate the domestic economic growth.
