IMF Senior Economist: Indonesia’s Most Resilient Economy

TEMPO.CO, Jakarta – International Monetary Fund (IMF) senior economist, Yan Carrière-Swallow, assesses that Indonesia is not a vulnerable country in facing the dangers of recession and inflation which is predicted to increase next year. According to him, although inflation is above the target, it is not too high in the context of the global economy. […]

Warning! UK Will Have Long Recession Until 2024

Jakarta – The UK’s central bank (Bank of England/BoE) warns its country will face economic recession until mid-2024. That would be the longest recession since record economic growth began. “Now the economy has entered a challenging downturn this summer, which will continue next year and into the first half of 2024. While not the deepest […]

Oil rises amid dollar weakness.. Recession fears limit gains

Brent crude futures rose 82 cents, or 0.9 percent, to $ 92.44 a barrel by 0643 GMT, while US West Texas Intermediate crude futures rose 86 cents, or one percent, to $ 86.32 a barrel. The dollar index – which measures the US currency against six major peers, including the pound sterling – fell to […]

Tips for Facing the 2023 Economic Recession, From Saving Cash to Paying Off Consumer Debt

Illustration of financial management to deal with economic recession. (Source: Doc. Canva) Writer : In Karina | Editor : Desy Afrianti JAKARTA, COMPASS.TV – Various international institutions have predicted that many countries in the world will enter an economic recession in 2023. Indonesia is not included in the list of countries, but it will still […]

A wave of layoffs hits, are you sure Indonesia is safe from a recession?

Jakarta, CNN Indonesia — The wave of layoffs (layoffs) continues to hit Indonesia. In fact, the domestic economy is quite solid in the second quarter of 2022. The Central Statistics Agency (BPS) report stated that Indonesia’s economic growth in the second quarter of 2022 reached 5.44 percent, higher than the previous period of 5.01 percent. […]

FedEx sends a disturbing signal about the performance of the global economy

Higher policy rates are increasing borrowing rates on a large scale, while banks are tightening lending terms and credit risk premiums are widening. Mortgage interest is also rising at a rapid pace, which is putting pressure on consumption rates, as some indicators in the August retail sales report released on Thursday performed much weaker than […]

Coahuila: Relationship with Texas could save the state’s economy

Luis Carlos Valdes Torreon, Coahuila / 26.07.2022 20:32:00 Carlos González Silva, president of Canacintra Torreón, described as positive the actions taken by the state government to strengthen relations with the government of Texas; Thus, he visualized that if it is possible to strengthen the trade of Coahuilawould increase the investments that they are leaving China […]