Jakarta, Jan. 30 -- The Indonesian economy needs to grow by 6 to 7 percent to escape the middle-income trap, according to the Ministry of National Development Planning (Bappenas).
It is important to escape the middle-income trap to achieve the Golden Indonesia vision, which envisages a sovereign, advanced, fair, and prosperous nation by its centennial year, that is, 2045.
"We only have about 21 years left (before 2045). For that, we must be able to escape the middle-income trap by growing our economy by at least 6 to 7 percent," the ministry's deputy for macro development planning, Eka Chandra Buana, said here on Thursday.
If the economy grows by 7 percent, he explained, Indonesia can escape the middle-income trap before 2040.
If it g...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.