Indonesia Remains Upbeat Despite Impending Global Recession

Indonesia's economy

  • Indonesian government remains optimistic that next year’s economic growth will reach 5.3 percent, despite an impending global recession.
  • Many global financial institutions do not share the same sentiment, as they keep revising Indonesia’s growth projection, albeit insignificant. It is still within the 4.7-5.3 percent range.
  • Indonesia is considered more than capable of dealing with a global economic crisis.

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