TEMPO.CO, Jakarta - Vice President Jusuf Kalla confirmed that Indonesian economic growth in the first quarter of 2015 is indeed below the expected target. "Our statistics show 4.7 percent [growth], there are bad news and good news. The bad news is we are below target," Kalla said during the opening of the Institute International Finance (IIF) Asian Summit 2015 on Thursday, May 7, 2015.
Kalla however, said that there is good news. "The good news is, [Indonesia] is better compared to other countries in the region," Kalla said in front of business tycoons attending the event.
Kalla said that Indonesia must be ready in facing economic globalization, including its adverse effects. Kalla asserted that even since the beginning of President Soekarno's administration, Indonesia has been gearing up for globalization.
"Ready or not, we are at the globalization era. Of course we are speaking in terms of economic issues, but other issues should be discussed as well," Kalla said.