A Rice Blunder in Looming Recession

Monday, December 12, 2022

For Indonesia, the high interest on the US dollar will trigger an exodus of capital and put pressure on the rupiah. If the rupiah continues to weaken, imported consumer goods, as well as imported raw materials used in Indonesia’s industries will become more expensive.

arsip tempo : 173498786052.

Ilustration Imam Yunianto. tempo : 173498786052.

A PESSIMISTIC mood is increasingly expanding in the global financial market. Consensus among analysts is growing stronger: the economy will slow down next year, we’re going to fall into a recession. The war against inflation will not end before the year changes over, there is nothing to be done about it. Central banks around the world must continue their tight monetary policies and raise interest rates.

No wonder that the market is paying

...

Subscribe to continue reading.
We craft news with stories.

For the benefits of subscribing to Digital Tempo, See More

The Best Choice

Rp 54.945/Month

Active for 12 Months, Rp 659.340

  • *You Save -Rp 102.000
  • *Guaranteed update of up to 52 Editions of Tempo Magazine

Rp 64.380/Month

Active Every Month Cancel Anytime

  • *Free for the first month if using a Credit Card

See Other Packages

Already a Subscribed? Log in here
To receive daily news by Email, Sign up for Tempo ID.

More Articles

More exclusive contents

  • December 23, 2024

  • December 16, 2024

  • December 9, 2024

  • December 2, 2024

Independent journalism needs public support. By subscribing to Tempo, you will contribute to our ongoing efforts to produce accurate, in-depth and reliable information. We believe that you and everyone else can make all the right decisions if you receive correct and complete information. For this reason, since its establishment on March 6, 1971, Tempo has been and will always be committed to hard-hitting investigative journalism. For the public and the Republic.

Login Subscribe