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…
Private Equity Fund Led By Former World Bank Boss to Invest $3b in Indonesia: Luhut
Source: Jakarta Post, December 16 2019 Private equity fund Global Infrastructure Partners (GIP) is interested in investing in three projects in Indonesia, a high-ranking official has said. The GIP’s total investments could reach around US$3 billion, Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan said…
Indonesia Misses Ease of Doing Business Target
Source: Jakarta Globe, October 25 2019 BY: DION BISARA Jakarta. Indonesia failed to improve its rank in the latest ease of doing business list issued by the World Bank, falling short of President Joko “Jokowi” Widodo’s promise to put the country in the top 40 this year. The list,…
For a Second Time, The World Bank Predicts Indonesia’s Economic Growth to Decline
Source: CNBC Indonesia, October 11 2019 Jakarta, CNBC Indonesia- The World Bank returns with another prediction that Indonesia’s economic growth will decline and only grow 5% this year. Earlier in April the World Bank predicted the Indonesian economy would only grow 5.1%. More in the…
Indonesia’s economy at risk as global recession looms: World Bank
The World Bank highlights that with the rise of a global recession, Indonesia should wise up and respond in turn with its foreign direct investment. Indonesia’s economy, which has been growing steadily at around 5.3 percent per year on average since the start of the…