Can't find what you're looking for?
View all search resultsCan't find what you're looking for?
View all search resultsTens 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.
In case of a global recession and a more severe “liquidity squeeze,” Moody’s Investors Service anticipates risks to more than a quarter of the firms it rates in the Asia-Pacific region – and a third in Indonesia.
Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.
Thank you for sharing your thoughts. We appreciate your feedback.