VIVAnews - The government acknowledged that the production growth of large and medium processing industry was still slowing down in the third quarter of 2009. Although the global crisis is said to be in the recovery stage, the signs are still obscure.
“At the G20 Summit, the leaders of less-developed and developed countries consider the recovery still unstable,“ Finance Minister Sri Mulyani said at the Finance Department on Monday, November 2.
The establishment of exit strategy in the crisis aimed to keep up the recovery signs. “Don’t let it be W-shaped which indicates derivation after the escalation,“ Mulyani said.
The condition could be observed from the relatively small growth of large and medium processing industry in the third quarter period that was 0.02 percent. This indicates that the country’s economic condition is similar to the same period last year.
“That means there isn’t any change in the market absorption toward the industrial products in this quarter period,“ the Head of Central Statistics Agency (BPS), Rusman Heriawan said.
Mulyani also said this particular condition was inevitable. Some of the export-oriented manufacture industries would contract in the third and fourth period as a sign of global economy deterioration.
“It couldn’t be off-set because there is a sharp decrease in the global demand that was indicated by the Indonesian export value of negative 19 percent in which not every part could be compensated by domestic demand,“ she said.
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Translated by: Nataya Ermanti
