Destry also pointed out that currently many countries are experiencing inflationary pressure, including Indonesia. After improving in 2022, the global economic growth in 2023 is estimated to be slower than previously forecast, even the risk of recession is looming in some countries.
There has been downward revision of economic growth in several major economies, especially the United States and Europe, as well as China. Protracted geopolitical tensions has been ones of the key factor that causes global economic slowdown. It has triggered economic fragmentation, disrupted trade and investment, and led to aggressive monetary policy tightening.
Indonesia’s economic growth in 2023 is projected to remain strong, driven by solid domestic demand in line with increased mobility and the continued realization of the National Strategic Programs (PSN) amidst the deepening global economic slowdown. (rr)