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economic slowdown

The IMF projects global economic growth to reach 2.9 percent this year, higher than the previous estimate of 2.7 percent, which was stated in the October 2022 edition of the World Economic Outlook report.

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Growth Projection Slightly More Optimistic

The IMF projects global economic growth to reach 2.9 percent this year, higher than the previous estimate of 2.7 percent, which was stated in the October 2022 edition of the World Economic Outlook report.

Young People Need to Manage Their Finances

Based on the results of a Kompas R&D survey conducted on 13-15 December, most young people are aware of the importance of living frugally.

Revving the Engine of Economic Growth

The government plans to expand the engine of economic growth by promoting the role of cooperatives and micro, small and medium enterprises (MSMEs). The cooperatives are to facilitate the disbursement of funds to MSMEs.

Economic Slowdown May Continue

The slowdown of Indonesia’s economy is expected to continue in the first quarter of 2020. Economic conditions will improve only if investment and household spending increase.

The Next 10 Years are Crucial

Indonesia’s progress in 2045 will be determined by several economic indicators. The next 10 years will be crucial for successfully realizing the dream of an advanced Indonesia.

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Avoiding Economic Slowdown

A few months ago, Larry Summer, the former secretary of the United States treasury, called this year as “the most dangerous moment since the 2008 Financial Crisis”.

Improve Negotiation and Investment

Global trade is growing slowly, filled with competition and protectionism. Indonesia must strengthen its negotiation strategy and high value-added export-based investments.

Bracing for the Hard Times

The government needs to mitigate the economic slowdown by immediately realizing its promise to increase productivity and make the economy more efficient.

Maintaining Market Confidence

The government is optimistic it will be able to meet 100 percent of the state revenue target in the 2018 state budget and lower the state budget deficit. In order to maintain market confidence, no revision will be made in the 2018 state budget.

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