Publication : Policy Briefs

The Global Economic Outlook and the State of Indonesia

Editor(s)/Author(s) : - 10 January 2023
Print Article      

The global economy is facing a perfect storm as a result of the coronavirus disease (COVID-19) pandemic, prolonged geopolitical tensions, soaring inflation, and tightening monetary policy. A darkening future has been projected and the worst is yet to come. Amid global uncertainty, governments have become less aggressive in their budget spending, while high inflation has led many central banks to tighten their monetary policy. Furthermore, the pandemic has left widespread scarring effects, such as unemployment, poverty, and inequality, particularly on vulnerable groups. Global challenges and lower economic growth of the major economies will also affect Indonesia’s economic conditions, as the country may experience slower growth as a spillover from its major trading partners. It is important for the world and Indonesia to address these challenges, particularly the scarring effects, through multilateral solidarity and better maintenance of prudent fiscal policy.

The Global Economic Outlook and the State of Indonesia

Related Publications

Publication call for proposals,Microdata
23 May 2023
The Economic Research Institute for ASEAN and East(...)
Publication Energy,Oil,Myanmar
16 May 2023
As Myanmar’s crude oil production has been far too limited to meet domestic petroleum demand, it has had to(...)