Tag: Indonesia
WTO warns of ‘real’ recession risk in some major economies
World Trade Organization head Ngozi Okonjo-Iweala cautions about recession risks in key economies, highlighting challenges from Ukraine conflict, rising food and energy prices, and global inflation pressures.
Indonesia hikes fuel prices by 30%, cuts energy subsidies
Indonesia hikes subsidized fuel prices by 30%, with Pertalite gasoline rising from 51 to 67 cents per liter. Long lines at gas stations as motorists rush to fill tanks before price increase takes effect. President Joko Widodo cites economic necessity for subsidy reduction.
Indonesia exits recession with 7% GDP growth in Q2, but virus clouds recovery
Indonesia's economy rebounds strongly with 7.07% growth in Q2, marking its best performance in 17 years. However, the recovery is threatened by increasing COVID-19 cases, potentially impacting future economic progress and stability.
