A sleeping economic giant on Australia's doorstep

By John Donovan

Australia could play an important role in the country's transformation, which provides an investment opportunity for our superannuation funds, as well as our energy, mining and infrastructure companies.   Indonesia has abundant natural resources (especially in agriculture, gas, hydrocarbons, oil, rubber and timber), a skilled workforce and relatively consistent per annum GDP growth of 6 per cent in the decade from 2004-2014.

In recent times, Indonesia and Australia have endured a complicated political and diplomatic relationship, which has often clouded public perceptions of our northern neighbour despite its vast potential.  For instance, many Australians would be unaware that Indonesia’s economy is on track to overtake Australia’s economy in GDP terms, and is projected to become the fourth largest globally by 2040.

Read more here: Business Spectator

    

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