When the world economy faces uncertainty, domestic consumption is the mainstay. The Indonesian economy can still be exploring at a speed of about 5 percent in facing this uncertainty.

The hope is for a world recession, if it happens, to grow slowly rather than a sharp contraction. Perhaps inflation will remain above the normal average.

The World Bank’s report, “Global Economic Prospects” January 2023, warns of the increasingly real risk of a global economic recession this year (Kompas, 12/1/2023).

The positive performance of the Indonesian capital and financial market in 2022 become a provision to welcome 2023 with more optimism, but remaining vigilant.

Should the Group of G20 Summit wrap up without a communique, it is hoped that the various agreements made at the technical level of cooperation will be formalized later.

This is in contrast to the orthodoxy of the US Fed, which is trying to restore its credibility as a monetary authority as it continues to raise its benchmark interest rate several more times in 2022 and 2023.

The Indonesian government has done a great job during the COVID-19 pandemic. This can be seen from the statistics on the declining poverty rate.

The pandemic has caused deaths and affected the lives of billions of people throughout the world. Restricting international travel was a reliable first step in preventing the spread of the virus.