We use cookies on this website to give you a better user experience. By continuing to browse the site, you are agreeing to our use of cookies. Learn more

The Global Economic Outlook and the State of Indonesia

The Global Economic Outlook and the State of Indonesia
10 January 2023
Indonesia, Investment, Trade
Ivana Markus, Pyan Amin Muchtar
Indonesia, Global Economy Outlook, pandemic, COVID-19

Print Article:

The global economy is facing a perfect storm as a result of the coronavirus disease (COVID-19) pandemic, prolonged geopolitical tensions, soaring inflation, and tightening monetary policy. A darkening future has been projected and the worst is yet to come. Amid global uncertainty, governments have become less aggressive in their budget spending, while high inflation has led many central banks to tighten their monetary policy. Furthermore, the pandemic has left widespread scarring effects, such as unemployment, poverty, and inequality, particularly on vulnerable groups. Global challenges and lower economic growth of the major economies will also affect Indonesia’s economic conditions, as the country may experience slower growth as a spillover from its major trading partners. It is important for the world and Indonesia to address these challenges, particularly the scarring effects, through multilateral solidarity and better maintenance of prudent fiscal policy.

The Global Economic Outlook and the State of Indonesia

Search ERIA.org

Latest Multimedia

Indonesia's ASEAN Chairmanship 2023 High-Level Policy Dialogue: ASEAN Digital Community 2045

ERIA Knowledge Lab Discusses Scaling Up Innovation and Digital Technology Ecosystem

Is ASEAN Ready for Electric Vehicles? | ASEAN Insights Podcast

Related Articles

Digital Economy, digital innovation, Indonesia
10 January 2023
Editor(s)/Author(s): Militcyano Samuel Sapulette, Pyan Amin Muchtar
The Indonesian digital economy is the largest and most attractive investment destination amongst the Association of[...]
ASEAN, Investment, Trade
10 January 2023
Editor(s)/Author(s): Raihan M. Ramadhan, Pyan Amin Muchtar
Despite facing global uncertainties, Indonesia has achieved macroeconomic stability, supported by strong responses in[...]