Indonesia's economic growth may decelerate to 4.6pc.

The World Bank saw the possibility that Indonesia's economic growth rate could slow down to 4.6 percent this year, affected by unstable global conditions. For 2023, the World Bank predicts Indonesia's growth could be stuck at a level of 4.7 percent. "The global economic environment could create a downward pressure in that projection," the World Bank's chief economist for Indonesia and Timor-Leste, Habib Rab, said Wednesday, June 22. Despite the grim forecast, the international financial institution also gave its projection for the best scenario. The World Bank estimates that the Indonesian economy can also grow 5.1 percent in 2022 and 5.3 percent in 2023. Habib Rab said that a widespread decline in global economic growth could lead to...