Macro
Macro

After Global Pandemic and Crisis, Here Comes Global Unrest

More than half of the world saw an increased risk of civil unrest since the start of the COVID-19 pandemic. The Russian invasion of Ukraine worsened the situation, causing disruption to energy markets and food supply chains, and triggering price hikes.

Indonesia’s 2023 Budget: Tight as Deficit Set Lower

Key points: energy price increase signal a rise; limited infrastructure budgets; social protections budget drop, while several tax incentive programs stop as the economy further recovered.

FMD Outbreak Puts Economy at Stake

Foot and Mouth Disease (FMD) is spreading fast in Indonesia. Within three months, the disease has affected 447,257 cattle, buffalo, goats, and pigs in 22 provinces, forcing the government to establish a Specific State of Emergency for FMD.

The Global Risk of Stubborn Inflation

The task of solving global inflation will fall to the world's major central banks. Domestically, the Indonesian government is expected to maintain subsidized-energy prices to prevent wild inflation and aggressive interest rate hikes.

Weekly Digest: Indonesia to Increase Energy Prices

Indonesian high-ranking official reveal the plan to gradually increase energy prices after postponing it for quite some time. Several existing policies in the energy sector can prevent excessive price increases.