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Indonesia Posts Good GDP Growth
Indonesia says that its economy grew by 5.1 percent last year, slightly above expectations. Analysts1 say that while the underlying2 figures give some reason for optimism about future growth, there is still much work to be done if the investors3 who are desperately4 needed to keep the economy on track are to return to the country.
Indonesia is Southeast Asia's largest economy, but it is an economy beset5 by problems, the legacy6 of years of corruption7 and mismanagement. The 5.1 percent growth in gross domestic product in 2004 is marginally ahead of most expectations, but still short of the 6.5 percent growth that is needed to absorb newcomers into the labor8 force.
Most of the growth was driven by domestic consumption, but there are some indications that long-term investors are slowly returning.
More people are putting money into factories and manufacturing machinery9, and although imports have risen by almost a quarter, most of the growth is in capital goods and raw materials.
President Susilo Bambang Yudhoyono, who took office last October, says he wants to see an average of 6.6 percent growth during the next five years. Speaking in Singapore, he set out an ambitious plan.
Susilo Bambang Yudhoyono: My government is adopting what I call the triple-track strategy. First, to promote growth through export and investment; secondly10, to promote employment by stimulating11 the real [industrial] sector12; and thirdly to reduce poverty by promoting agriculture and rural development.
Mr. Yudhoyono's short time in office has been dominated by December's devastating13 earthquake and tsunami14. Although the catastrophe15 has had relatively16 little direct effect on the economy, the president's capable handling of the crisis has given investors hope that he will prevail in the battle against the country's deep-seated problems of corruption, legal uncertainty17 and labor militancy18.
Fauzi Ichsan, vice19 president of global research at the Standard Chartered bank in Jakarta, says there is much work still to be done.
Fauzi Ichsan: The government has been doing the right things within its capacity, but unfortunately it requires a lot more to convince investors that the government is serious for the long run.
Indonesia, with a huge population, abundant natural resources and a key geographical20 position, has the potential to be Southeast Asia's economic powerhouse, and Mr. Yudhoyono says he intends to see that potential fulfilled.
Tim Johnston, VOA news, Jakarta.
注释:
beset [bi5set] v. 困扰
legacy [5le^Esi] n. 遗产
absorb [Eb5sC:b] vt. 吸收
ambitious [Am5biFEs] adj. 有雄心的
prevail [pri5veil] vi. 流行
powerhouse 发电站
1 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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2 underlying | |
adj.在下面的,含蓄的,潜在的 | |
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3 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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4 desperately | |
adv.极度渴望地,绝望地,孤注一掷地 | |
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5 beset | |
v.镶嵌;困扰,包围 | |
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6 legacy | |
n.遗产,遗赠;先人(或过去)留下的东西 | |
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7 corruption | |
n.腐败,堕落,贪污 | |
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8 labor | |
n.劳动,努力,工作,劳工;分娩;vi.劳动,努力,苦干;vt.详细分析;麻烦 | |
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9 machinery | |
n.(总称)机械,机器;机构 | |
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10 secondly | |
adv.第二,其次 | |
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11 stimulating | |
adj.有启发性的,能激发人思考的 | |
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12 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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13 devastating | |
adj.毁灭性的,令人震惊的,强有力的 | |
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14 tsunami | |
n.海啸 | |
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15 catastrophe | |
n.大灾难,大祸 | |
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16 relatively | |
adv.比较...地,相对地 | |
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17 uncertainty | |
n.易变,靠不住,不确知,不确定的事物 | |
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18 militancy | |
n.warlike behavior or tendency | |
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19 vice | |
n.坏事;恶习;[pl.]台钳,老虎钳;adj.副的 | |
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20 geographical | |
adj.地理的;地区(性)的 | |
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