"The country`s economy will not yet fully recovered in 2015 on internal and external hurdles," Kadin General Chairman Suryo Bambang Sulisto said.
Jakarta (ANTARA News) - The Indonesian Chamber of Commerce and Industry (Kadin) has predicted slowdown would continue to hit the countrys economy until 2015.

"The countrys economy will not yet fully recovered in 2015 on internal and external hurdles," Kadin general chairman Suryo Bambang Sulisto said here on Wednesday.

The countrys monetary policy has not succeeded in coping with trade and current account deficits, and external factor remains worrying, Suryo said.

In 2013-2014, the countrys economic growth had been on the decline - down from 6.5 percent in 2011, 6.2 percent in 2012 and 5.7 percent in 2013 and an estimated 5.3 percent in 2014.

Internal factor included vulnerable economic and business structure on weak supply, Surya said.

External sentiment is negative with slow recovery from the global crisis in the European Union and the United States and tightening liquidity policy adopted by the United States and other advanced countries.

The condition resulted in capital flight from countries hit by the policy including Indonesia, he said.

Earlier, the World Bank welcomed the commitments declared by G-20 heads of state including President Joko Widodo to boost growth and open new jobs .

"With the global economy continuing the struggle for recovery we welcome the commitment of the G-20 leaders to boost economic growth and open new jobs," World Bank President Jim Yong Kim said.

Kim said higher growth and more inclusive are essential to significantly reduce poverty and discrepancy.

In addition he said that the G20 leaders had correctly identified investment in infrastructure as a crucial issue to boost growth , opening more jobs and eliminate poverty.

"We welcome support from the G20 leaders for Global Infrastructure Facility of the World Bank Group , designed to build global channel for investment in infrastructure that could attract new sources of financing," he said. (*)

Editor: Heru Purwanto
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