Market Worries of Slow Economic Program

VIVAnews - The breakup of the coalition between the Democratic Party and the Functional Group (Golkar) Party offers uncertainty and anxiety to the market.

According to Head of the Economists of Danareksa Research Institute, Purbaya Yudhi Sadewa, the market predicts that the future president-elect would be Susilo Bambang Yudhoyono. In his administration, the economic policy would not have numerous adjustments.

The question is concerned with how Yudhoyono will implement the economic policy. "Jusuf Kalla has been fast in implementing the policies. He was the one who pushed the economic policy to be applied faster," he said in Jakarta on Monday, April 27. 

He said that the market prefers the parallel situation. If Yudhoyono is re-elected, the market is worried that the economic policy will be too slow. "Therefore when the two parties decided to end the coalition, the market gave negative respond."

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Translated by: Ariyantri E. Tarman

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17 April 2024