Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · How to Avoid Depression
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

How to Avoid Depression

Leading Bali Economist Suggests How Bali Can Avoid Fallout from World Economic Downturn


Bali News: Bali, Indonesia, Global financial crisis, Universitas Warmadewa, Prof. Dr. I Made Sukarsa, Baliís economy, U.S.A., Europe, diversifying markets, domestic market
Click Image to Enlarge

(12/16/2011)

As reported by Bisnis Bali, the global economic crisis currently underway in Europe and the U.S.A. are predicted to also have a negative impact on Bali’s economy. A senior educator and eoconomist warns that the tourism sector in Bali is predicted to experience a depression in 2012 as world buying power declines.

The Rector of Universitas Warmadewa, Prof. Dr. I Made Sukarsa, made these dire predictions recently, saying, “international tourist visits from the U.S.A. and European nation will drop next year.”

Sukarsa see the global economic crisis has the potential of almost bankrupting some European nations and, as a result, the crisis is certain to be felt in Bali. He portends that the problems in the European nations will cripple other portions of the world. He also points out that a number of nations are predicting lower growth rates in 2012. “This is a signal that the world economy will slow down next year,” he explained.

Because of this, Sukarsa predicts the economy of Bali will grow slower in 2012 and exports from the island will also slow. Adding, “my prediction is that the economy will grow around 6% next year.”

When asked about the solution for overcoming these dismal predictions, Sukarsa said Bali must diversify it markets. Next year, Bali needs to develop markets outside of Europe and the U.S.A., insisting that Asia countries must become the new focus for developing markets for Bali.

He also suggested that the domestic market must be optimized. If this succeeds, he offers, the economy of Bali will continue to experience significant growth in 2012.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

   

 
 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Baliís Loses Much-Loved Tourism Pioneer
Ida Pedanda Gde Ngurah Karang Ė Founder of Segera Village Hotel Dies at 87
(12/21/2014)
Fun & Sun Costs More in South Bali
Price of Waters Sports at Tanjung Benoa, Bali Increase by 30%
(12/20/2014)
Fire in East Denpasar
Fire Destroys 7 Shop Houses in East Denpasar, Bali
(12/20/2014)
Mantra for Difficult Times
Australian Mantra Hotel Group Scales Down its Plans in Tough Bali Marketplace
(12/20/2014)
Be Prepared
Bali Identifies Areas at Risk of Natural Disaster and Maps Plans to Minimize Destruction
(12/20/2014)
When Sleighs Wonít Do
Bali Airport to Operate 134 Extra Flights Over Christmas and New Year Period
(12/20/2014)
When a Bay Becomes a Quagmire
Editorial: We Support Jakarta Globe Call for President Joko Widodo to Cancel the Benoa Bay Reclamation
(12/20/2014)
4.25 Million Foreign Tourists to Bali in 2015?
Bali Seeks to Add 500,000 Tourist Visitors in 2015
(12/20/2014)
That Takes the Lot!
Baliís Tanah Lot Temple Experiencing a Record Number of Visitors Leader Up to Year End Piodalan Ceremony
(12/20/2014)
Shanghaied No More
Singaraja, Bali Immigration Office Deports 282 Foreign Workers in 2014
(12/20/2014)
Different Strokes Apply in Bali
Pendawa Beach Visitors in Bali Reminded that Sexual Activity and Swimming While Menstruating are Strictly Not Allowed
(12/20/2014)
Bali Non-Stop to Cairn, Australia
JetStar to Fly Direct Three Time a Week Cairns to Bali Flights Starting in March 2015
(12/20/2014)
All [News]!