JABAR EKSPRES — It is believed that the Indonesian economy will grow solidly and healthily and will be far from the threat of a crisis due to synergistic economic policies from the government and regulators in responding to dynamic global challenges.
Lippo Group Executive Director, John Riady, said that the banking turmoil in the United States and Europe was inseparable from the current global conditions, especially high inflation which put pressure on developed countries, so that the central bank raised interest rates to combat inflation.
“If I say, at this time in real terms the national economy is very healthy. We also have to appreciate the performance of the economic team, both Mrs. Sri Mulyani (Minister of Finance) and Bank Indonesia and other institutions that are able to work together,” he said in a written statement in Jakarta, Monday (3/4).
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Even so, the national businessman revealed that the vigilance alarm must still be turned on. Especially now that the world community is really worried about the impact of inflation.
Quoting the results of an Ipsos survey at the end of March, inflation is the world’s biggest concern, especially in 12 countries that are experiencing price fluctuations such as France, Germany, the United Kingdom, Poland, Turkey, and the United States.
“Nowadays, price fluctuations have also been suppressed by various government policies. This is very good,” said John.
On the other hand, when the Fed and the European Central Bank increased interest rates causing a number of banks to fail, inflation in Indonesia was maintained.
“So, indeed that is what is happening and all the crises we have faced in the last nine months, the root cause of the problem is inflation. When it seems as if the money supply is being sucked up by the central bank, it seems that there is a victim from liquidity, then Silicon Valley Bank falls,” he said.
