BENGALURU – Indonesia’s financial progress seemingly slowed within the fourth quarter as declining commodity and vitality costs hit exports, and a extensively anticipated international recession may speed up the slowdown this 12 months, a Reuters ballot discovered.
Southeast Asia’s largest financial system exported a file $292 billion in 2022, pushed by excessive international commodity costs that boosted the worth of the rupiah and improved the nation’s present account.
However export progress slowed within the latter a part of the 12 months as costs moderated.
After reporting its strongest annual progress in additional than a 12 months within the third quarter, the resource-rich financial system expanded a weaker 4.84 % in October-December in contrast with the identical…
Carry on studying: Indonesia’s financial system seemingly misplaced some steam in This fall– Reuters ballot