With excellent macro-economic parameters, Indonesia's economy will likely prevail next year in dealing with the worst condition resulted from the ensuing debt crisis that has been haunting global economies since this year.

With the excellent economy parameters at present, Indonesia was even estimated to see growth above 6.5 percent next year.

An Indonesian economy expert said that the financial crisis next year would be pretty much the same with the one occurred in 2009. It that year global and Japan's economies slowed down by 5 and 6 percent respectively. Europe and the United States experienced minus 4 and 2 percent at that moment, while Indonesia saw a 4.5 percent growth.

Faisal Basri, an economy expert from University of Indonesia ( UI), said that should the current debt crisis condition in Europe ensues to next year, he estimated that the growth in the largest economies in Southeast Asia region would reach 6.6 to 6.7 percent.

"But if the debt crisis has turned to global financial crisis, Indonesia's growth may drop to 5 percent, or 4.5 percent at worst case scenario," Faisal said here recently.

With foreign currency reserves at 114 billion US dollars and export value that almost hit 200 billion US dollars at the moment, Faisal said that Indonesia was resilience to face with the ongoing debt crisis. "That figure makes us even better than it was in 2009," he added.

The noted expert who was also an acclaimed scholar in the country said that the estimated growth next year would be fully supported by increasing growth in the industry sector at home. It was seen from the latest growth record in the sector that stood at 6.6 percent, higher than the growth in Gross Domestic Product (GDP) at 6.5 percent, he said.

Besides all of those promising figures, Indonesia's growth next year would also be supported by the increasing number of middle class society that has reached 50 million from 237 million of population.

The other factors that make Indonesia should be optimistic in facing economy hurdles next year are the number of its workforce that accounts for two third from the population and per capita income rate that has reached 3,000 U.S. dollars.

Inflation in Indonesia is estimated to reach 5.5 percent next year from the planned subsidized fuel price hike. That estimated figure was higher than 4.5 percent predicted this year.

"The subsidized fuel price should be increased. The current price does not make sense. It makes government provided lower subsidy for other sector," he said as quoted by a local media.

The stock market would likely the sector facing significant risk in the ongoing debt crisis. The risks would be generated by market perception and sentiment in the country.

Market downturn in Europe and the United States would likely risk national export. Indonesia, however, already had the solution in anticipating risk in its export sector. It would export more to China like the one it did in 2009.

Xinhua