Jakarta, April 7 -- Indonesia would experience a 0.1 percent economic slowdown if global oil prices remain at US$100 per barrel until June, the National Development Planning Ministry (Bappenas) projected.
Brent crude, the global benchmark, as well as US West Texas Intermediate (WTI) are currently above US$100 per barrel-higher than the average oil price in January, when Brent crude was US$64 per barrel.
Bappenas' director of macroeconomic planning, Ibnu Yahya, on Tuesday, explained the impact of energy price spikes on the national economy is now much more limited than in previous crisis periods.
Indonesia, according to him, is currently more adaptive and flexible in responding to global shocks. This resilience is said to be the result ...
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