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Random stats copy/paste
In 2016, Australia gave Indonesia $375.7 million
1% of Indonesia's population have 49.3% of the country's $1.8 trillion wealth, down from 53.5%, according to Wiki
A report on inequality in Indonesia says its four richest men now have more wealth than 100 million of the country's poorest people.
The
investment returns on the wealth of just one of the four richest, which according to the Forbes rich list include cigarette tycoons Budi Hartono, Michael Hartono and Susilo Wonowidjojo, would eliminate extreme poverty in a year. (pretty stunning, huh)
Indonesian policymakers have flaunted their ability to weather uncertainty as a result of the trade war and monetary tightening in developed markets.
However, they were shocked to realize the startling US$8.57 billion
trade deficit in 2018, the
highest since 1975. (and that's from the Jakarta Post)
and here is one of the comments re: the article:
Quote:And now the chickens are coming home to roost. An English saying, meaning that a whole list of wrongs and stupidities have collected, and now there is too much to be ignored. Decades of underfunding the education-system means too few sensible graduates; underfunding and deprecation of science, technology, medicine and basic research; decades of idiotic politics favouring massive funding for Islamist agendas rendering a population incapable of thought, analysis, criticism or mental agility. Ideological top-down governmental thumbscrews and micro-managing of the economy, couple with malign corrupt dictators in power. Even now, Jokowi is in bed with fundamentalist Islamist terrorists who despise Indonesia for not being returning to 7th century medieval thought-processes yet, and hell-bent on fixing that, through extreme violence and intimidation
Indonesia's third quarter GDP growth slows as consumer, export sectors struggle
JAKARTA (Reuters) - Indonesia’s economic growth slowed in the third quarter, losing momentum from the previous three months and pointing to tougher conditions for the Southeast Asian economy, which has struggled with capital outflows and weaker exports and household spending.
The slowdown was largely due to softer household consumption in the third quarter and a negative contribution from foreign trade.
Although the expansion was a notch faster than expected, economists warn growth may weaken further.
The rupiah IDR= is down around 9 percent this year, making it the second worst performing currency among emerging Asian markets.