Indonesia recession: Asian giant bucking global trend.

There is not expected to be an Indonesia recession in 2023 - even as the global economy looks to be heading for a period of sluggishness that threatens to weigh on growth in southeast Asia. The country's central bank, Bank Indonesia (BI), estimates that Indonesia's gross domestic product (GDP) could grow by 4.37 percent in 2023, down from 5.2 percent in 2022.

The global economy is projected to grow at just 1.6 percent in 2023 on tightening financial conditions, the ongoing impact of the Covid-19 pandemic on economic...