Jakarta (VNA) – Indonesiais a bright spot of the global economy amid risks of economic contraction facingmany countries in 2022, Managing Director of the International Monetary Fund (IMF)Kristalina Georgieva has said.
Talking to Indonesian Finance MinisterSri Mulyani on October 12, the IMF leader said the archipelago nation has achievedfast growth thanks to political stability and a solid economic foundation.
She also mentioned the global economy’slatest developments and expressed concern about risks for many countries in thetime ahead. She held that it is necessary to devise a mechanism for minimising recessionrisks if the global economic strength continues to be eroded.
Minister Sri Mulyani said Indonesiawill continue actively supporting the building of plans and concrete steps to minimiserisks of a multi-crisis, adding that its economy is still relatively healthyand safe amid recession risks.
The official noted that Indonesiaposted an economic growth rate of 5.4% in the second quarter while inflation isstill under control, at 5.95% - lower than the forecast of 6.8%.
Meanwhile,Coordinating Minister for Economic Affairs Airlangga Hartarto said on October11 that despite geopolitical tensions and the worsening energy crisis, theIndonesian economy is expected to grow by at least 5.2% this year.
Ithas recorded strong investment inflows, including both domestic and foreigninvestment, he noted, citing statistics as showing that the capital rose 35% to302 trillion rupiah (about 19.6 billion USD) in Q2, which was a good sign asthe economy is recovering after the COVID-19 pandemic./.
Talking to Indonesian Finance MinisterSri Mulyani on October 12, the IMF leader said the archipelago nation has achievedfast growth thanks to political stability and a solid economic foundation.
She also mentioned the global economy’slatest developments and expressed concern about risks for many countries in thetime ahead. She held that it is necessary to devise a mechanism for minimising recessionrisks if the global economic strength continues to be eroded.
Minister Sri Mulyani said Indonesiawill continue actively supporting the building of plans and concrete steps to minimiserisks of a multi-crisis, adding that its economy is still relatively healthyand safe amid recession risks.
The official noted that Indonesiaposted an economic growth rate of 5.4% in the second quarter while inflation isstill under control, at 5.95% - lower than the forecast of 6.8%.
Meanwhile,Coordinating Minister for Economic Affairs Airlangga Hartarto said on October11 that despite geopolitical tensions and the worsening energy crisis, theIndonesian economy is expected to grow by at least 5.2% this year.
Ithas recorded strong investment inflows, including both domestic and foreigninvestment, he noted, citing statistics as showing that the capital rose 35% to302 trillion rupiah (about 19.6 billion USD) in Q2, which was a good sign asthe economy is recovering after the COVID-19 pandemic./.
VNA
