BEIRUT: History teaches us that “peace and stability are our most valuable assets” and the “ultimate prerequisites for growth and prosperity” as there will be no prosperity without peace, Indonesia’s president said on Thursday.
Prabowo Subianto, in his special address before the World Economic Forum, said: “We gather here in Davos at a time of great uncertainty; a time when wars continue to break out … a time when trust between nations, between institutions, between peoples is fragile.”
According to Subianto, the International Monetary Fund recently described Indonesia as “a global bright spot with strong economic growth amid a challenging external environment.”
While the world faced tightening financial conditions, trade tensions and political uncertainty, “Indonesia continues to grow,” Subianto said, adding that his country’s economy had grown by more than 5 percent every year over the last decade.
“I am confident that this year our growth will be higher,” he said, noting that inflation remained at about 2 percent, while the government deficit had been kept below 3 percent of gross domestic product.
