Eric LeCompte, Executive Director of Jubilee USA, recently spoke with Koran Jakarta on IMF economic growth projections. Read excerpt below and follow link to full article.
IMF cuts Indonesia's growth projection to 5.1%
Responding to the IMF projection, Jubilee USA Executive Director, Eric LeCompte, stated the importance of looking at the decline in economic growth from 3.9 percent to 3.7 percent. "From the report, it reminds us that the economic imbalance is again a serious problem and that there is no guarantee that there will be a sense of security from the financial crisis," said LeCompte.
"We see the emergence of unsustainable speculation and debt habits as potential that can trigger a financial crisis," he added.
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