2022 Believed to be Safe from Recession, Next Year Needs Attention

KOMPAS/WISNU WIDIANTORO

Coordinating Minister for the Economy Airlangga Hartarto (second right) during the Indonesia's Anticipating Independent Economic Discussion against the Potential Global Crisis held at the Kompas Daily Office, Jakarta, Thursday (4/8/2022). Several other speakers were Founder of CORE Indonesia Hendri Saparini (third left), Deputy General Chairperson of KADIN Mulyadi Jayabaya (left), University of Indonesia Academician Teguh Dartanto (second left), and Deputy General Leader of Kompas Daily Budiman Tanuredjo (right).

JAKARTA, KOMPAS — The economic structure of the country, which is supported by domestic consumption, has reduced the chances of Indonesia being dragged into the global recession. In 2022, Indonesia is believed to be safe from recession. However, the projection of global economic stagflation and recession should not be neglected, especially the impact on Indonesia next year.

Coordinating Economic Minister Airlangga Hartarto expressed his optimism at the Independent Economic Discussion, themed Anticipation of Indonesia against Potential Global Crisis held by Kompas daily in Jakarta on Thursday (4/8/2022). Indonesia's economic growth until the end of 2022 could be in the range of 5.3 to 5.9 percent, higher than the government's initial projection of 5 to 5.2 percent. This is supported by the belief that public consumption will continue to grow in the second half of 2022.