Economic Overview & Business Opportunities
Jakarta’s economy depends heavily on financial service, trade, and manufacturing. Industries in Jakarta include electronics, automotive, chemicals, mechanical engineering and biomedical sciences manufacturing. Indonesia’s economic growth has been driven by a fast-expanding middle class but investment in infrastructure, education and health has lagged behind, casting doubt on the sustainability of its development model. Bank Indonesia last week downgraded the country’s gross domestic product forecast for 2013 to 5.5-5.9 per cent, blaming slowing household spending and corporate investment.