State of the Indonesian economy.

[harryopal1]

Evidently the Indonesian rupiah has reached an historically all time low against the US dollar. Prabowo's response in May to the decline of the IDR is looking very thin. "No matter how many thousands the dollar reaches, people in villages don't use dollars. The ones worried are those who frequently travel abroad,"

While government is trying to contain inflation that becomes increasingly difficult as the Rupiah continues to slide. An interesting although ominous article with the Aus ABC website today.

Inside this street food market are signs of a crashing currency

Indonesia's rupiah has fallen to historic lows against the US dollar, causing damage "in most of the economy", analysts say.

www.abc.net.au

 

[centurion]

Evidently the Indonesian rupiah has reached an historically all time low against the US dollar. Prabowo's response in May to the decline of the IDR is looking very thin. "No matter how many thousands the dollar reaches, people in villages don't use dollars. The ones worried are those who frequently travel abroad,"

While government is trying to contain inflation that becomes increasingly difficult as the Rupiah continues to slide. An interesting although ominous article with the Aus ABC website today.

Inside this street food market are signs of a crashing currency

Indonesia's rupiah has fallen to historic lows against the US dollar, causing damage "in most of the economy", analysts say.

www.abc.net.au

The state of the country's economy is excellent, you did not get yet the memo.

 

[harryopal1]

So which is the fake news? "The Indonesian economy is in great shape." or "The Indonesian economy is in dire straits"

 

[pantaiema]

I just posted the Indonesian Graduate unemployment Rate

Middle Class Under Pressure

The official Statistics of the Indonesian Government (BPS) defines Middle Class (e.g Middle income spender) as people who spend Rp 2.04m+ (e.g USD125). :D:D:D:D So how do you define people, diaspora living in Indonesia who spend USD1,000,000 to purchase property in Indonesia as discussed in this...

www.expatindo.org

About this statement
"No matter how many thousands the dollar reaches, people in villages don't use dollars. The ones worried are those who frequently travel abroad,"
He said this in front of the press more than a month ago.

 

[pantaiema]

So which is the fake news? "The Indonesian economy is in great shape." or "The Indonesian economy is in dire straits"

This is what currently shared in social media.
Based on self-assessment exercise, the two years of this government score card is still ok.

Economic Stability Score Card: Inflation is under control, Economy growth is maintained.

 

[harryopal1]

View attachment 5737

This is what currently shared in social media.
Based on self-assessment exercise, the two years of this government score card is still ok.

Economic Stability Score Card: Inflation is under control, Economy growth is maintained.

And independent assessments?

 

[Balifrog]

It is not up on us to judge....
Remember we're just immigrants !

I like Bali for retirement. Enjoying the slow pace of daily life.
Am I in love with the place ? Nope
Would I have lived here when I was 30 or 45 ? Nope.

 

[centurion]

Am I in love with the place ? Nope
Would I have lived here when I was 30 or 45 ? Nope.

Why? Curious to know.

 

[snpark]

It is not up on us to judge....
Remember we're just immigrants !

I like Bali for retirement. Enjoying the slow pace of daily life.
Am I in love with the place ? Nope
Would I have lived here when I was 30 or 45 ? Nope.

Not even with a fat US salary?
Let's say example $10k a month at 30, Indonesia would be bearable then, compared to Europe or even USA, yeh it's cost of living etc but you can put up with it then.

 

[Balifrog]

Why? Curious to know.

Would have been too boring for me at that age !