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[News] Trade War Profits Indonesia In The Short Term
Posted at: 04 February 2019

Indonesia expects billions of dollars in investment from companies relocating factories from China as a fallout of its trade war with the U.S., according to Tom Lembong, chairman of the country’s Investment Coordinating Board.

While countries like Indonesia, Vietnam, Bangladesh and Cambodia may benefit from relocating factories, the trade tension will cause downturns in demand and confidence as the sparring nations account for one-third of the world demand, Lembong said in Bloomberg Television interview with Haslinda Amin on the sidelines of the World Economic Forum in Davos, Switzerland, Friday. Trade war profits Indonesia in the short term

Indonesia is struggling to attract investment with foreign direct investment falling 20 percent in the third quarter from a year earlier, official data show. Lembong said last month that 2018 was probably the first year of negative investment growth since President Joko Widodo came to power in 2014.

Indonesia expects billions of dollars in investment from companies relocating factories from China as a fallout of its trade war with the U.S., according to Tom Lembong, chairman of the country’s Investment Coordinating Board. Trade war profits Indonesia in the short term

Indonesia is struggling to attract investment with foreign direct investment falling 20 percent in the third quarter from a year earlier, official data show. Lembong said last month that 2018 was probably the first year of negative investment growth since President Joko Widodo came to power in 2014.

Indonesia still has room to improve its supply side to boost the economy and more reform may be coming after the presidential election in April.

(source: Bloomberg)