Asia News Network

The impact of the Russia-Ukraine war on Indonesia’s economy

Indonesia cannot insulate itself from the worldwide inflationary trend because the current inflation is a global phenomenon.

Economic experts said the country has seen positive signs of economic recovery; with this year’s economic growth forecast at 7.9%.

According to a senior economist, 2022 will likely see a new supply shock that would jack up domestic prices.

Authorities reported 80-90% of tourism companies closed down or been running at limited capacity for two years, forcing many to leave.

He said 4.5 million families would benefit from the initiative to help set up small businesses, construct homes and acquire technical education.

Blockchain technology is essentially a digital ledger of transactions that is duplicated and distributed across a network of computers.

The official purchasing managers index for China's manufacturing sector has stayed in the expansion territory for 4 months in a row.

Food producers have welcomed the news and are keen to regain a slice of the Taiwan market and expand their sales channels.

The value-added output of the manufacturing sector in 2021 increased 9.8 percent year-on-year to 31.4 trillion yuan

Experts expect the 2022 GDP growth target at be set at around 5.5% when leaders convene for the annual "two sessions" in March.