The Stock Exchange of Indonesia and office buildings are seen on Gen Sudirman St, Jakarta, Indonesia on Jan 27, 2023. (Photo: Dave Kendall)
Indonesia’s economic growth accelerated to a nine-year high in 2022 despite global uncertainty and a final-quarter slowdown, official data showed Monday, owing to soaring commodity prices and easing Covid-19 curbs.
Indonesia was badly affected by the coronavirus pandemic, with its exports and tourism-reliant economy taking a massive hit in 2020 as GDP shrunk by 2.07% — 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 5.31%, Statistics Indonesia said Monday, the highest level since…
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