Facing World Economic Turbulence

There are several implications of the world economic turmoil for the Indonesian economy. In line with the reduced fiscal and monetary stimulus, structural reforms should begin to show results as early as 2022.

In the last two years, there have been three major economic challenges faced by the world, including Indonesia: the surge in commodity prices, the aggressive normalization of the monetary policies of developed countries and the Russia-Ukraine conflict.

Apart from these three challenges, there are still risks that may arise from a potential new variant of COVID-19, which is unlikely to disappear before the end of 2022.