Posted inIndonesia

Indonesia making big plans for bad times in 2023

JAKARTA – Indonesia may be on safe ground for now, but Finance Minister Sri Mulyani Indrawati is preparing for a worst-case scenario in 2023 by slashing line ministry spending and drawing up contingencies for a now widely-expected global recession. The impact of US Federal Reserve rate hikes, persistent inflationary pressures and a slowdown in global […]

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