Threats to Indonesia’s Economy: Oil Prices Boom, Inflation
- The crude oil prices boom drives high inflation and threatens countries to the brink of recession.
- Indonesia curbed inflation by increasing energy subsidies up to hundreds of trillions.
- The government will increase the subsidy budget to Rp 520 trillion by 2022.
- Indonesia's inflation topped 4.35 percent year-on-year, the highest since 2017.