Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo

Indonesia-U.S. Economic Relations (CRS Report for Congress)

Premium   Purchase PDF for $24.95 (6 pages)
add to cart or subscribe for unlimited access
Release Date March 2, 2004
Report Number RS21753
Report Type Report
Authors Wayne M. Morrison, Foreign Affairs, Defense, and Trade Division
Source Agency Congressional Research Service
Summary:

Indonesia's economy continues to struggle against the lasting effects of the 1997-1998 Asian financial crisis and the political instability that resulted. Indonesia was one of the hardest hit economies in Asia; real GDP fell by 13.2 % in 1998. Indonesian-U.S. commercial ties were sharply diminished as well, caused in part by declining Indonesia living standards and a loss of foreign investor confidence in Indonesia (due largely to political instability). The Indonesian economy has improved over the past few years, however, recent activities of terrorist elements in Indonesia and the rise of separatist movements threaten to undermine further an already fragile economy. This report will be updated as events warrant.