Indonesia will benefit more if Trump is re-elected …

JAKARTA, KOMPAS.com – Indef chief economist Faisal Basri assessed that Indonesia would benefit if Donald Trump were re-elected as president of the United States. On the other hand, if Joe Biden is elected, he continued, Indonesia will be affected.

“I don’t like the answer, if Donald Trump wins, it is more profitable for Indonesia,” Faisal said in a webinar on Wednesday (11/4/2020).

Joe Biden was promoted by the Democratic Party. Meanwhile, Trump is promoted by the Republican Party. According to him, Joe Biden’s policies on bilateral matters will be more complicated than Trump’s.

“So if you want the Democratic (Party) give there are so many conditions, human rights-lah, that’s it. If the Republican Party works (gives) stimulus, prints money, so that the US dollar goes down, goes down, the rupee gets stronger without our effort, ”said Faisal.

Also read: Measuring the impact of the US presidential election results on the Indonesian economy

In addition, Faisal estimates that the characteristics of the president carried by the Democratic Party will reduce the deficit and raise taxes for the rich in the United States. That way, the economy of Uncle Sam’s country will be even stronger.

“Sense strength US dollar because the deficit fell. So, as a result, the rupee weakens. So the external factor which is hexogen is from USA. very unfortunate, “He said.

Another interesting fact, Faisal continued, is that if the president of the United States comes from the Democratic Party, the Indonesian economy will be disrupted. This had happened in 1998.

“Do you remember when Pak Soeharto fell? That’s the chairman of the Democratic Party. Now, if the republic is important for business, facilities are requested from the oil company, the free port should not be disturbed and the GSP is delivered ”, he said.

Also Read: The Effect Of The US Presidential Elections To Drive Rupee To Strengthen This Afternoon