Indonesia Economic Prospects, June 2022 : Financial Deepening for Stronger Growth and Sustainable Recovery

Indonesia Economic Prospects, June 2022 : Financial Deepening for Stronger Growth and Sustainable Recovery

Indonesia’s economic recovery from the Corornavirus (COVID-19) pandemic comes amidst an increasingly challenging global environment. Indonesia’s growth accelerated at the end of 2021 as the country stepped off from a devastating Delta wave in July-...

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Bibliographic Details
Main Author: World Bank
Format: Report
Language:English
Published: Washington, DC: World Bank 2022
Subjects:
MACROECONOMICS
ECONOMIC MODELING
COVID-19
GROWTH DRIVER
INFLATION
COMMODITY PRICES
Online Access:http://documents.worldbank.org/curated/en/099314106202223202/IDU087850cba0b204043f608dea019acef5f2be1
http://hdl.handle.net/10986/37584
id okr-10986-37584
recordtype oai_dc
spelling okr-10986-375842022-07-01T05:10:36Z Indonesia Economic Prospects, June 2022 : Financial Deepening for Stronger Growth and Sustainable Recovery World Bank MACROECONOMICS ECONOMIC MODELING COVID-19 GROWTH DRIVER INFLATION COMMODITY PRICES Indonesia’s economic recovery from the Corornavirus (COVID-19) pandemic comes amidst an increasingly challenging global environment. Indonesia’s growth accelerated at the end of 2021 as the country stepped off from a devastating Delta wave in July-August, ending the year with 3.7 percent growth. The momentum carried into the first quarter of 2022 with the economy growing at 5 percent (yoy) and absorbing a short and sharp increase in Omicron-related COVID cases. Growth drivers since end 2021 have rebalanced gradually from exports and public consumption towards private consumption and investment. Since February, the war in Ukraine has disrupted the global economic environment with rising commodity prices and de-risking in global financial markets. The positive terms-of-trade effect has benefited Indonesia in the near-term through higher export and fiscal earnings. But the country is starting to feel the pressures of rising prices and tightening external finance. 2022-06-22T02:27:58Z 2022-06-22T02:27:58Z 2022-05-31 Report http://documents.worldbank.org/curated/en/099314106202223202/IDU087850cba0b204043f608dea019acef5f2be1 http://hdl.handle.net/10986/37584 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC: World Bank Report Publications & Research East Asia and Pacific Indonesia
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic MACROECONOMICS
ECONOMIC MODELING
COVID-19
GROWTH DRIVER
INFLATION
COMMODITY PRICES
spellingShingle MACROECONOMICS
ECONOMIC MODELING
COVID-19
GROWTH DRIVER
INFLATION
COMMODITY PRICES
World Bank
Indonesia Economic Prospects, June 2022 : Financial Deepening for Stronger Growth and Sustainable Recovery
geographic_facet East Asia and Pacific
Indonesia
description Indonesia’s economic recovery from the Corornavirus (COVID-19) pandemic comes amidst an increasingly challenging global environment. Indonesia’s growth accelerated at the end of 2021 as the country stepped off from a devastating Delta wave in July-August, ending the year with 3.7 percent growth. The momentum carried into the first quarter of 2022 with the economy growing at 5 percent (yoy) and absorbing a short and sharp increase in Omicron-related COVID cases. Growth drivers since end 2021 have rebalanced gradually from exports and public consumption towards private consumption and investment. Since February, the war in Ukraine has disrupted the global economic environment with rising commodity prices and de-risking in global financial markets. The positive terms-of-trade effect has benefited Indonesia in the near-term through higher export and fiscal earnings. But the country is starting to feel the pressures of rising prices and tightening external finance.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Indonesia Economic Prospects, June 2022 : Financial Deepening for Stronger Growth and Sustainable Recovery
title_short Indonesia Economic Prospects, June 2022 : Financial Deepening for Stronger Growth and Sustainable Recovery
title_full Indonesia Economic Prospects, June 2022 : Financial Deepening for Stronger Growth and Sustainable Recovery
title_fullStr Indonesia Economic Prospects, June 2022 : Financial Deepening for Stronger Growth and Sustainable Recovery
title_full_unstemmed Indonesia Economic Prospects, June 2022 : Financial Deepening for Stronger Growth and Sustainable Recovery
title_sort indonesia economic prospects, june 2022 : financial deepening for stronger growth and sustainable recovery
publisher Washington, DC: World Bank
publishDate 2022
url http://documents.worldbank.org/curated/en/099314106202223202/IDU087850cba0b204043f608dea019acef5f2be1
http://hdl.handle.net/10986/37584
_version_ 1764487488032735232

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