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JAKARTA - Indonesia is suffering from the gradually increasing impact of the global financial crisis, with its export value growth in 2009 predicted to drop below zero. Indonesian central bank (Bank Indonesia)'s Deputy Governor Hartadi Sarwono said on Thursday that the country's export value is expected to drop 4.6 percent this year.
Hendri Saparini, director of the Econit Advisory Group, also predicted on Wednesday that the country's export value growth this year will stand at minus 5 percent. "This year, it is not necessary to expect more from export activity, because growth in this sector will only stand at minus 5 percent," he said.
The opinions of both the central bank and the consultant group are echoes of the prediction made by the National Development Planning Board on March 11, which said that Indonesia's export value would fall by 6 percent this year. According to the government department, Indonesia's non-oil product export value will fall 20 percent or 21.6 billion U.S. dollars this year from 108 billion dollars in 2008.
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