Weekly Digest: Indonesia on Brink of Food and Energy Crises

Countries worldwide face economic shocks and high inflation due to rising energy costs and the expected global food crisis in 2023. Indonesia plans to raise awareness about these issues in the upcoming G20 summit.

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.