Buoyed by Sunny Projections
Monday, 13 June 2022
The World Bank projects the Indonesian economy to grow by 5.1 percent this year, only 0.1 percent lower than its calculations in January. It is shadowed by inflation and budget swelling due to subsidies.
THE world economic outlook is bleak. That is the gist of the World Bank’s most recent report, the Global Economic Prospect, which was issued in early June. The two special focuses of the report were both negative: the arrival of global stagflation and the Russian invasion of Ukraine.
As a result, the World Bank significantly reduces its 2022 global economic growth projections to 2.9 percent, down 1.2 percent from its estimates in Jan...
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