Indonesia may be spared while the world braces for recession 

Correction: In last week's newsletter, I incorrectly stated that a research showed 1 in 5 youths in Indonesia had suffered from mental disease. The correct figure is  1 in 20 (5.5%). I apologise for the mistake. 
 

The world is expected to go into recession next year. 

The International Monetary Fund (IMF) has projected that the global economy will grow by 2.7% next year, the weakest since 2001, due to a combination of rising inflations and looming Ukraine-Russia wars and the pandemic. 

However, Indonesia, Southeast Asia's largest economy, is unlikely to be hit by recession next year, according to IMF and government officials.

Our new article, as part of the series on global recession, has elaborated on four impacts of the slowing down of the economy in our daily lives.  Another article tries to compare the difference between the 2008 global crisis with the current crisis. Our podcast Suakarademia also explored this issue, cautioning against recession fears that can turn into a self-fulfilling prophecy. You can hear the episode in Indonesian here.  

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Ika Krismantari

Chief Editor/Content Director