KONTAN.CO.ID - JAKARTA. Indonesian President Joko Widodo said he will order his administration to run a stress test to determine whether Southeast Asia's largest economy could withstand significant economic shocks amid fears of a global recession. The comments came after the International Monetary Fund cut its global growth forecast for 2023 amid colliding pressures from the war in Ukraine, high energy and food prices, inflation and sharply higher interest rates, warning that conditions could worsen significantly next year. The president made the remarks at the opening of a cabinet meeting held earlier this week, according to a video uploaded to his official YouTube account on Wednesday.
Indonesian President to Order Stress Test for Economy Amid Global Uncertainty
KONTAN.CO.ID - JAKARTA. Indonesian President Joko Widodo said he will order his administration to run a stress test to determine whether Southeast Asia's largest economy could withstand significant economic shocks amid fears of a global recession. The comments came after the International Monetary Fund cut its global growth forecast for 2023 amid colliding pressures from the war in Ukraine, high energy and food prices, inflation and sharply higher interest rates, warning that conditions could worsen significantly next year. The president made the remarks at the opening of a cabinet meeting held earlier this week, according to a video uploaded to his official YouTube account on Wednesday.