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While the global inflation crisis darkens the economic prospects of many countries, with some expected to face recession this year, the International Monetary Fund has painted an optimistic outlook for Indonesia, which has fared better than other countries in withstanding the shocks of the pandemic and Russia’s war in Ukraine.
IMF managing director Kristalina Georgieva praised the country’s economic performance, pointing to several projections that the country will grow 5 percent in the full year, and to how it has maintained its inflation rate of slightly over 4 percent, which is lower than the rest of the world.
She said the financial body expected Indonesia to finish this year with “very healthy” growth, and dismissed predictions that the country was on the verge of recession.
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