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global economic slowdown
The shoe industry, as well as textiles and textile products, are still relied upon for job creation. In the past two years, layoffs have continued to negatively impact the performance of this labor-intensive sector.
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Layoffs Still Loom over the Labor-Intensive Sector
The shoe industry, as well as textiles and textile products, are still relied upon for job creation. In the past two years, layoffs have continued to negatively impact the performance of this labor-intensive sector.
English
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Maintaining Optimism amid Uncertainty
The development of tourism and the downstream industry in natural resources are expected to be sources of the economic growth in 2023. However, challenges related to these sectors need to be overcome.
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Indonesia's Economy to Remain Robust
BI Governor Perry Warjiyo said Indonesia's growth was projected to remain strong in a range of 4.5-5.3 percent in 2023 and to increase to 4.7-5.5 percent in 2024.
English
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Global Recession Starts Hitting Exports
The threat of a global economic slowdown and recession has slowly but surely started to affect Indonesia. One indication of this is a fall in exports.
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