INDONESIA’S economic growth accelerated to a nine-year high in 2022 despite global uncertainty and a final-quarter slowdown, official data show today, owing to soaring commodity prices and easing Covid-19 curbs.
Indonesia was badly affected by the coronavirus pandemic, with its exports and tourism-reliant economy taking a massive hit in 2020 as GDP shrunk by 2.07% – its first recession since the 1997 Asian financial crisis.