Indonesia recorded a strong economic growth at over 5% throughout 2017. However, experts predict that Indonesia will encounter difficult years ahead. In 2018, there are two challenges that will affect the economy.
Firstly, 2018 will be a “political year” with the conduct of simultaneous regional elections (Pilkada) in 17 provinces and 153 cities/regencies on 27 June. The political tension will increase and is predicted to affect Indonesia’s economic growth.
Secondly, there are concerns of a cyclical financial crisis that occurs every 10 years following the 1998 Asian Financial Crisis and the 2008 Global Financial Crisis. Some experts fear for an even greater global financial crisis in 2018.
How should companies prepare themselves to face these challenges ? What needs to be done ?
Prihatwono Law Firm can help you navigate through these challenges clearly and objectively.