Jakarta, CNBC Indonesia – Indonesia’s economic growth is expected to increase in 2022. This is from a recent World Bank report.
Indonesia’s economy is reported to grow 5.1% in 2022. While in the previous year, the country’s economy was 3.7%.
Actually, Indonesia’s economy should be a little higher. But global shocks held back 0.1% growth.
The increase will also be higher than China’s economic growth. The country is reportedly forecast to see growth of 4.3%.
Even the United States (US) economy has experienced a decline this year. In 2021 it was 5.7% then dropped 2.5% in 2022.
The US economy slowed down due to a spike in inflation that occurred in recent times and was responded by an increase in the benchmark interest rate.
Europe experienced a slowdown, from 5.4% to 2.5%. Russia to -8.9% from 4.7% previously. Turkey 11% to 2.3% and Poland from 5.9% to 3.9%. While India from 8.7% to 7.5%.
Drastic declines also occurred in Brazil and Mexico. This year, the economy is forecast to grow just under 2%. Meanwhile, Argentina’s economy grew 4.5% from 10.3% in the previous year.
There are several factors that cause the economic slowdown. This is due to the spread of Covid-19, changes in the direction of monetary policy, supply chain barriers, the war between Russia and Ukraine, and inflation.
Next article
2021 US Economy Jumps 5.7% Highest Since 1984
–
–
(npb)
–
