"The global economic slowdown will limit foreign investment," World Bank representative in Indonesia, Rodrigo Chavez, said on Monday (6/20/2016).
According to him, Indonesia should boost private investment to maintain economic growth as government revenue is estimated to decline this year.
Meanwhile, World Bank economist Ndiame Diop argued Indonesia should see falling commodity prices as opportunity to strengthen its manufacturing and service sectors.
"It is great opportunity to continue reforms which will strengthen manufacturing and service sectors," he stated,
Currently, Indonesia's economy is still dominated by low-tech industry. As the result, multi-national companies can easily relocate their businesses to other countries.
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