INDONESIA PAINT INDUSTRY SET FOR GROWTH ONCE WORLD ECONOMY RECOVERS
January 1st, 2009
BY MARK ROWE
INDONESIA'S paint industry appears likely to weather the worst of the global economic downturn. Indeed, Indonesia may be one of the few major countries where sales of paint for industrial and domestic use will rise. In January 2009, Indonesian President Susilo Bambang Yudhoyono forecast economic growth of 6.2% for the year in a budget that revealed capital spending plans that were 14.3% up on 2008. Exports are also expected to grow by 8% this year - though this is significantly lower than the average 18% growth in exports witnessed between 2003 and ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.