May Inflation Lowest in Five Months
JAKARTA, 5 June 2023 – The inflation rate in May indicates a weakening trend after the post-Eid holiday period, even reaching the lowest inflation rate since January 2023, the Central Statistics Agency (BPS) announced on Monday. “The decrease in the inflation rate in May 2023…
World Bank cuts 2023 world growth forecast in ‘sharp, long-lasting slowdown’
Washington – Global growth is slowing “perilously close” to recession, the World Bank said Tuesday, slashing its 2023 economic forecast on high inflation, rising interest rates and Russia’s invasion of Ukraine. Economists have warned of a slump in the world economy as countries battle soaring…