The Double Threats
Monday, 11 July 2022
Foreign capital increased, while the trade surplus decreased. Double hits push the world to the brink of recession.
MARKET is facing a grim situation. Sharp rise in inflation forces the central banks of developed economies to raise interest rates aggressively. As a result, the global economy’s slowing down, even likely going into recession. Indonesia’s economy is still safe, so far. But two risks are lurking in this chaotic situation.
First, the flight of foreign capital from Indonesia. This is one of the reasons why the rupia...
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