REPUBLIKA.CO.ID, JAKARTA - The Federal Reserve's decision is predicted to impact developing countries including Indonesia until the end of 2013. Earlier, the central bank of US decIded to stop the third quantitative easing or purchases asset and securities in financial market.
"All stock markets in Asian countries are hit by the policy and probably for longer period," Acting Head of Fiscal Policy at Ministry of Finance, Bambang PS Brodjonegoro said on Sunday.
Brodjonegoro said that the impact could last until the next six month. Therefore, Indonesia must work hard to maintain t its economic resilience. He believes that compensation package provided by the government can boost export despite the severe blow caused by the Fed's decision.
Meanwhile Coordinating Minister for Economic Affairs Hatta Rajasa believes that Indonesia is optimistic that Indonesia ready to face the currrent condition. He also believes that the impacts caused by the Fed's policy is temporary.
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