REPUBLIKA.CO.ID, JAKARTA - Senior economist of Standard Chartered Indonesia, Fauzi Ichsan downplays the impact of global economic growth which predicted 3.5 percent this year. He said in short term the global growth did not send positive impact to Indonesia.

"Despite the small negative economic influence of Turkey and Argentines against global economy, shale gas revolution and US policy tightening still continue until the end of the year," Ichsan said recently.

US economic growth is expected to reach 2.4 percent this year and contribute 20 percent to world economic growth. However, the growth will not increase commodity price, especially energy commodity following shale gas revolution.

Shale gas revolution, Fauzi said, hamper the prospect of price increase especially on some Indonesian's  main commodities like coal, palm oil, and petroleum within 12 to 18 months. Yet, Fauzi believes that Bank Indonesia's earlier policy to increase the benchmark of interest rate at 7,5 percent can prevent Indonesian economy from collapse. 

BI predicted national growth of 5.8 to 6.2 percent this year. Another economist of Standard Chartered, Eric Sugandi said Indonesia's economy could grow 7-8 percent if supported by infrastructure. Judging by the current infrastructure condition, Indonesia can achieve six percent growth. 

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