Major factor: A fishing boat is seen near a container terminal in Tanjung Priok, north Jakarta. Sustaining growth is crucial to luring overseas investors, who are returning to Indonesia 20 years after the Asian financial crisis. — Reuters
JAKARTA: Indonesia is on track to become a trillion-dollar economy and should be the envy of South-East Asia. Yet on some key measures, the region’s biggest economy is falling behind.
The nation lags neighbours on infrastructure development, faces a fiscal shortfall that’s heaping pressure on the state budget and still has 28 million people living in poverty. That’s even after reforms saw the economy’s value more than double over the past decade to US$932bil, with President Joko Widodo’s government forecasting growth this year of about 5%.
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