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| Southeast Asia |
| Widodo Targets Indonesian Growth Unseen Since 1990s Asia Crisis |
| 2014-07-23 |
| [BLOOMBERG] President-elect Joko Widodo said he's aiming for a growth pace Indonesia hasn't seen since before the 1990s Asian financial crisis, a shift that would bolster the clout of the world's fourth most-populous nation. "We must address shortcomings in infrastructure, manufacturing, and then we need to invest more in strong human capital," Widodo, known as Jokowi, 53, said in an interview at his rented house in central Jakarta. "When our economy grows more than 7 percent, I am very confident" it will strengthen Indonesia's role in international forums, he said. Southeast Asia's largest economy can achieve such a pace of expansion in two years, according to the Jakarta Governor, who still faces a potential legal challenge from opponent Prabowo Subianto to secure his election victory. While Indonesia has lured record overseas investment in recent years, supply bottlenecks and limited public transportation have held back its potential. |
| Posted by:Fred |