Airlangga Says Indonesia’s Economy in the First Quarter of 2023 Has Beaten America, Europe, to China

TEMPO.CO, Jakarta – The Coordinating Minister for the Economy (Menko Per Ekonomi) Airlangga Hartarto claimed that Indonesia’s economic growth in the first quarter of 2023 was much higher than that of developed countries. According to him, Indonesia’s economic growth, which reached 5.03 percent, was far above market consensus, which was 4.9 percent. “Indonesia is doing … Read more

Lessons on the ‘federal crisis’ and ‘banking crisis’ in the USA

The agenda for the US economy has focused on two important topics at this time. The first is by the US Congress. ‘Federal Debt Ceiling’It’s a question of whether to upgrade or not. The second topic is bank failures. Regarding the first headline, the warnings of former Fed Chair Janet Yellen, who is now the … Read more

BRICS Forms New Development Bank, Creates Competition With World Bank and IMF

SUMEKS.CO – BRICS is a collection of developing countries consisting of Brazil, Russia, India, China and South Africa. The BRICS nation announced the creation of a new development bank and emergency reserve fund. The new development bank was established with a capital of 100 billion US dollars. READ ALSO: 5 Currencies Included in the BRICS … Read more

Tunisia’s “chemical weapon” against the IMF

Kais Saied he does not want to give in to the “blackmail” of the IMF and aims to develop the phosphate industry on his own to stabilize the country’s economy. But watch out for the Chinese, ready to monopolize the raw material market throughout North Africa.

What will the world be like in 5 years? The IMF lists three most important countries –

share Tweet China will be the biggest engine of global economic growth over the next five years, the International Monetary Fund (IMF) estimated in a recently published report. They are followed by India and the United States. According to the International Monetary Fund, China will become the largest engine of global economic growth in the … Read more

Greece has an unused 2.7 million pairs of working hands

A “hidden pool” of potential workers emerges for Greece through the processing of the data concerning the human resources of productive age. To the extent that it becomes possible to integrate into the economy, it will act as a shield against demographic aging, saving the pretexts for future growth. At least this appears from the … Read more

Bank of Japan’s long-term interest rate target, room for fine adjustment within the year = IMF | Reuters

Ranil Salgado, director of the International Monetary Fund (IMF)’s review of Japan, said on the 15th that the Bank of Japan’s Yield Curve Control (YCC) is expected to lead to a sustained rise in domestic wages. said there may be room to tweak the long-term interest rate target later this year. Kazuo Ueda, Governor of … Read more

At a record high the expenditure of poor countries to service the debt

Sri Lanka faces the greatest difficulty servicing its debt, with repayments accounting for 75% of annual government revenue. Its bankruptcy is considered certain. Photo EPA Poor countries will have their highest debt service spending this year in 25 years, forcing them to cut spending on health and education. The repayments debt owed to non-residents for … Read more

IMF forecast: Russia’s economy is growing faster than Germany

Russia’s President Vladimir Putin keeps economic growth high with high government spending on armaments. Photo by Contributor/Getty Images The International Monetary Fund (IMF) has again raised its forecast for Russia’s economy. The IMF believes Russia is capable of growth of 0.7 percent this year. That is the same as in the euro zone. For Germany, … Read more