Indonesia seen as ‘brilliant spot’ amid world financial gloom

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Indonesia seen as ‘brilliant spot’ amid world financial gloom


Deni Ghifari (The Jakarta Publish)

PREMIUM
Jakarta   ●  
Tue, July 19, 2022

Whereas the worldwide inflation disaster darkens the financial prospects of many nations, with some anticipated to face recession this yr, the Worldwide Financial Fund has painted an optimistic outlook for Indonesia, which has fared higher than different nations in withstanding the shocks of the pandemic and Russia’s battle in Ukraine.  

IMF managing director Kristalina Georgieva praised the nation’s financial efficiency, pointing to a number of projections that the nation will develop 5 p.c within the full yr, and to the way it has maintained its inflation fee of barely over 4 p.c, which is decrease than the remainder of the world.

She mentioned the monetary physique anticipated Indonesia to complete this yr with “very wholesome” development, and dismissed predictions that the nation was on the verge of recession.

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