As Indonesia's economy expands, the government is investing in infrastructure, so it can realize its full potential. The robust growth is attracting foreign investment.
President Joko Widodo has asked parliament to sign off on a plan to move the nation's capital to Borneo island. Jakarta is one of the world's fastest sinking cities; a third of its land could be submerged by 2050.
The European Union has slapped countervailing tariffs on imports of subsidized biodiesel from Indonesia. The southeast Asian country has threatened to retaliate but experts say counter tariffs could be self-destructive.
German Finance Minister Olaf Scholz has been mulling an economic stimulus package, should Europe's largest economy slide into a full-blown recession. It would mark a departure from a policy of balanced annual budgets.
There's no denying anymore that Germany's economy is slowing. Yet, this isn't the time for stop-gap measures, says DW's Henrik Böhme. Instead, he argues, sober-minded decisions by both politics and businesses are needed.
© 2019 Deutsche Welle |
Legal notice |
| Mobile version