Only the price and export volume of coal remained high. Coal prices in September was recorded at $321.5 per tonne, up from $290 per tonne the previous month.

Central banks in a number of countries have also increased their benchmark interest rates to ease inflation by suppressing a stifled increase in demand, because they cannot control the production or supply side.

T20 is a communication forum for the Group of 20 (G20), bringing together leading global think tanks and study centers.

The government is optimistic facing 2023 considering that until now the Indonesian economy has continued to grow positively after experiencing a recession in 2020 due to the Covid-19 pandemic.

Likewise, the household spending as the main engine of economic growth in terms of expenditure was still overshadowed by increasing inflation. As of July 2022, the inflation rate amounted to 4.94 percent.

Naturally, the process of formation of the three models of union takes place over a long period of time.

A total of 24 CEOs were in the audience at the palace. As many as 41 other CEOs attended the live broadcast of the forum at the Jakarta Convention Center, while more than 300 participants followed the event online.

Discussions in the G20 continue to develop from time to time. At the time of its formation in 1999, the G20 held discussions at the level of finance ministers and central bank governors.