anti-pornography law

16 Dec

That 4% Gain Doesn’t Look So Bad After Madoff: William Pesek

Posted by cahn in America, anti-pornography law, Anton Gunawan, Asia, Bali, Bernard Madoff, Bloomberg, Bloomberg L.P., China, Depression, Europe, financial systems, gross domestic product, HSBC, HSBC Holdings PLC, Indonesia, Indonesia's government, Jakarta, Japan, Lehman Brothers, Lehman Brothers Holdings Inc., oil producer, oil products, PT Bank Danamon Indonesia, PT Bank Danamon Indonesia Series B, PT Saratoga Investama Sedaya, Rakesh Bhatia, Sandiaga Uno, Southeast Asia, Susilo Bambang Yudhoyono, United States, USD, William Pesek, wpesek@bloomberg.net

Dec. 17 (Bloomberg) -- Indonesia has a scandal on its hands, and it involves gross domestic product.

That won’t sound too serious to observers worried about corruption or anti-pornography laws intensifying debates about Islam’s role in public. Yet what might best be described as the “4 percent crisis” is getting breathless press coverage.

That’s the dismal rate at which many expect the economy will grow next year. What, did someone say dismal? When you look around the world, it’s hard to think of a sizeable economy that might perform at even close to 4 percent.