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Will Indonesia’s new government be favorable for economic growth?

29 April 2019
Business Times – Singapore

Will Indonesia’s new government be favorable for economic growth?

What will be the impact of Indonesia’s recent Presidential and legislative elections on its growing economy? Leon Perera, Chief Executive Officer of Spire Research and Consulting, shared his insights in Business Times – Singapore.

Mr. Joko’s likely victory in the Presidential elections of Indonesia would mean improved competitiveness through continued economic reforms.

He would probably continue working on attracting direct foreign investment, build infrastructure, continue civil service reform, promote special economic zones and for locally sourced commodities to nurture value added processing.

Mr. Joko’s second term would also be beneficial for Indonesia’s ICT startup sector.

However the pace of the economic reforms may be slow, owing to the signs that the new legislature may possibly enhance the weight of social conservatives in politics.

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