Indonesian Economic Growth Rises to Nine-Year High
The growth was propelled by high export prices and the lifting of travel restrictions.
JAKARTA, KOMPAS.com \- Indonesia's economic growth accelerated to a nine-year high in 2022 despite global uncertainty and a final-quarter slowdown, official data showed Monday, Feb. 6, owing to soaring commodity prices and easing Covid-19 curbs. Indonesia was badly affected by the coronavirus pandemic, with its exports and the tourism-reliant economy taking a massive hit in 2020 as gross domestic product (GDP) shrunk by 2.07 percent – its first recession since the 1997 Asian financial crisis. But Southeast Asia's largest economy has bounced back since then, posting economic growth last year of...