Prof.Dr.Bambang P.S. BRODJONEGORO
Faculty of Economics, University of Indonesia, Indonesia
Macroeconomics Condition in Indonesia
- Growth is recovering from a slowdown in the last quarter of 2005 and the first half of 2006 caused by the removal of fuel subsidies and the accompanying increase in fuel prices (an average of 114 percent) and interest rates (up 400 basis points).
- Growth dipped to 5 percent through mid 2006, but then recovered to 5.9 percent and 6.1 percent respectively in the third and fourth quarters of 2006,