Serious warning for Indonesia’s $ 2 billion economy
reports Mehr News Agency Is the country’s $ 2 billion; Policies policies Praboo Subiano Span> ‘ They have.
The Rupee value of Indonesia has reached its lowest historical level against the US dollar, and this situation has revived the memoirs of the Asian financial crisis in years 1-5. The value of the rupee has decreased by about 2 % since the coming of Praboo last October. This sharp decline is similar to the fall of the currency in the year that led to a widespread economic crisis, and ultimately ended Suharto’s two -year rule.
Where was the start of the fall?
Rupene value devaluation began shortly before the inauguration of Prabwo and reached its lowest historical level, ie against the dollar on Tuesday. This low level is psychologically reminiscent of the crisis for Indonesia.
several internal and external factors have declined rupees. Economic policies Praboo including a $ 2 billion free lunch program for schools, efforts to weaken central bank independence, and restrictions on foreign companies such as Apple have greatly reduced market trust.
Creating a National Wealth Fund Danana has also raised more concern by using $ 5 billion in government capital, and the granting of civilian posts to the military. Global crises, such as declining China’s economic growth and Trump’s trade war, have worsened the situation. Trump has recently imposed a 5 % tariff on Indonesia.
What is the overall status of Indonesian economy?
Indonesia has seen a good economic growth in recent years in recent years, Indonesia, a medium-income country with GDP per year. Despite the growth of GDP more than 5 % in the past year, a large part of people experienced a tangible decline in their lives. According to official statistics, the number of middle -class people has declined from 4.3 million per year to 4.3 million last year.
This decline was due to factors such as high inflation, reduced purchasing power and economic consequences after Corona . Many middle -class experts have described Indonesia as a population of economics whose savings and consumption are declining.
What are the challenges of government advance?
Analysts say that current government policies do not have a good response to people’s real problems, including reducing purchasing power and unemployment in industrial sectors. While the government is expected to focus on improving middle -class conditions and maintaining economic stability, programs such as free lunch and increasing military presence in civil society organizations have undermined market reassurance.
Indonesia’s economy is one of the most critical periods since the Asian financial crisis. The combination of internal challenges, especially the new government’s policies with external pressure, has raised serious concerns about the country’s economic future. Continuing this situation may not only affect the value of the national currency, but also the social and political stability of the country.
