Indonesia will suffer the most severe impact of global financial crisis in the first half of 2009, with a massive lay-off, said an official on Tuesday.
"For the first half, the most severe impact will hit real sectors and we really cannot avoid massive lay-off," the Sindo daily quoted the Indonesian acting Chief Minister for Economic Sri Mulyani Indrawati as saying.
Mulyani reiterated that the situation is likely to have political impacts on all, especially the coming president after being elected through the 2009 general and presidential election.
"It was such a nightmare for the president, since the massive lay-off will influence his political situation and decision," she said.
The Indonesian government under President Susilo Bambang Yudhoyono's administration maintained efforts to strengthen and consolidate the business sector to help limit the impact of the global financial crisis, and attempt to resolve the country's business problems such as massive lay-off from several industrial sectors. |
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