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Indonesia: Consuming Local Products Strengthens the Economy, Says Sri Mulyani

TEMPO.CO, Jakarta – Finance Minister Sri Mulyani Indrawati in her acceptance speech at the Lagawi Festival on Thursday said small and medium industries have become one of Indonesia’s economic backbone. She mentioned that the higher the consumption of local products, the stronger it will be for Indonesia’s economy.  “The higher the local product consumption, it will strengthen our economy and […]

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World Bank: Indonesia’s Economic Growth May Decelerate to 4.6%

TEMPO.CO, Jakarta – The World Bank saw the possibility that Indonesia’s economic growth rate could slow down to 4.6 percent this year, affected by unstable global conditions. For 2023, the World Bank predicts Indonesia’s growth could be stuck at a level of 4.7 percent. “The global economic environment could create a downward pressure in that projection,” the World […]

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