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Indonesia Has Been One of the Most Resilient Economies

Monday, 7 November 2022

What does IMF’s Senior Economist Yan Carrière-Swallow have to say about Indonesia’s possible slip into recession?

IMF Senior Economist in the Asia and Pacific Department Yan Carriere-Swallow poses for a photograph after the interview session with Tempo, November 1. Tempo/Tony Hartawan . tempo : 167518667240

RECESSION is knocking at the door, many experts say. If unanticipated, recession can turn into a global economic crisis. The International Monetary Fund (IMF) predicts the economic growth in the Asia and the Pacific region to slump in 2022 and 2023.

Tightening global financial conditions that have weakened the demands for goods and services are much to blame for the looming crisis. Two other critical impetuses are Russia’s invasion of Ukra

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