According to the President, the conclusion was after he met with Ukrainian President Volodymyr Zelenskyy and Russian President Vladimir Putin some time ago.
“I met with President Zelenskyy and had an hour and a half discussions, and President Putin discussed two and a half hours, I concluded that the war would not end soon, it would take a long time,” Jokowi said at ICE – BSD, Monday (26/9/2022).
According to Jokowi, the ongoing conflict between Russia and Ukraine will have an impact on other countries. He predicts, in 2023 the world economy will be darker as a result of the war between Russia and Ukraine that has lasted since February 2022.
“The world is now in a very difficult and very difficult position where next year will be even darker,” he continued.
Jokowi said that some of the impacts felt by Indonesia and the world as a result of the ongoing war between Russia and Ukraine, such as the energy, food and financial crises, will weigh on economic movement in 2023.
“This will result in other difficulties, such as the food crisis, energy crisis, financial crisis, Covid-19 which has not yet recovered, and as a result, we know that currently 19,600 people have died from hunger, due to the food crisis,” Jokowi continued.
Previously, BI Governor Perry Warjiyo said that global economic growth in 2023 was at risk of lower growth, accompanied by high inflationary pressures and uncertainty in global financial markets.
The slowdown in global economic growth is especially the case in developed countries, such as the United States (US), which this year grew 2.1 percent but next year it is estimated to grow only 1.5 percent.
“Next year, we estimate it will decrease to 2.7 percent, there are even some risks that it will go to 2.6 percent. This also happened in Europe where economic growth this year is estimated at 2.1 percent, next year it will be lower to 1.2 percent and China this year will grow 3.2 percent and next year 4.6 percent,” he said in a virtual press conference, last Thursday (22/9/2022).
The decline in economic growth is accompanied by the risk of a recession in a number of developed countries. In addition, the volume of world trade also remains low. Perry said that the factors driving the slowdown in global economic growth in 2023 include disruption of global supply chains, protection policies in various countries, geopolitical conflicts, and aggressive interest rate policy responses in the US and a number of countries.
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