?Don?t worry, and don?t panic, be concentrated in your domestic economy. Don?t let the US economy crisis bring worst effort.? said Mr. Cem Karacadag
?Don?t worry, and don?t panic, be concentrated in your domestic economy. Don?t let the US economy crisis bring worst effort.? said Mr. Cem Karacadag
?Don?t worry, and don?t panic, be concentrated in your domestic economy. Don?t let the US economy crisis bring worst effort.? said Mr. Cem Karacadag as a distinguished guest speaker of UPH Seminar with titled The Global Recession and the Indonesian Economy. Mr. Cem is Director of South East Asia and India Economic. The seminar which presented in Friday, Nov 14th 2008 was attended by many international economic analysts such as Steven Allen Martin as CFO of Matahari group.
Mr. Cem told that the starting point of US crisis was too many credit jam in US BANK. US BANK gave too many loans to untrustworthy. Many investors did not want to spend a lot of money because the fluctuation of market price was so high. Big investors waited for new economic project so the economic condition can be trustful.
Indonesia is a unique country in running the economic wheel and it brought good effort. Ten years ago that Indonesia just had 4% in GDP, now Indonesia has reach 16% in GDP. Today, US just have half of Total Equity Assets of Indonesia. The impact of US crisis was so huge so Mr. Cem suggested to Indonesia, ?don?t panic?.
?Something that I can take that, we have to be careful in giving a loan and make good analysis for all BANK risk decision.? said Ardo Ryan as Business School of UPH lecture. UPH hope with Mr. Cem coming will bring good explanation of better economic decision to UPH pupils and lecture.
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