It is unrealistic for Indonesia to see a V-shape bounce in its economic status due to recent headwinds, according to the IMF, moving against market expectations.
Instead, 2015 is going to be the year where President Joko Jokowi Widodo is going to lay the foundations for the country's new growth model, which will take a few years to bear fruit, said Jakarta-based Ben Bingham, senior resident representative for the IMF.
“We are only a 100 days in and this reform process is not like instant coffee,” said Bingham at Corporate Treasurer’s fifth annual Corporate Treasury CFO Summit in Jakarta, adding that Indonesia's growth will be...
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