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View all search resultsStrategic petroleum releases helped avert a sharper rise in oil prices as a result of the war in the Middle East, but the global economy faces significant downside risks if a fragile ceasefire between the US and Iran doesn't hold, IMF chief economist Pierre-Olivier Gourinchas said on Friday.
Tens of thousands of jobs lost in West Java alone are a stark reminder that Indonesia is far from immune to global economic turmoil as exporters report plummeting orders from the United States and Europe.
Foreign direct investment (FDI) jumped 63.6 percent annually to Rp 168.9 trillion (US$10.81 billion) in this year’s third quarter, hitting a multi-decade high, but a global economic slowdown casts a dark shadow over next year’s outlook, the government has cautioned.
The world economy had just gained some breathing space after two years of pandemic restrictions, only to be thrown into disarray again by high inflation, forcing authorities around the world to embark on a course of unprecedented monetary tightening.Filippo Gori, CEO of JP Morgan Asia-Pacific, spoke with The Jakarta Post’s Vincent Fabian Thomas and Mark Lempp on June 17 to discuss challenges in the global economy, capital market and banking industry.
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