Indonesia, already ASEAN’s largest economy, is likely to account for an increasing proportion of the region’s GDP over the coming decade as the resource-based economy industrialises, argues Adrian Ashurst, CEO of Worldbox Intelligence.
Average increase of Postponement of Debt Payment Obligations (PKPU) in Indonesia in the last 3 years was about 30%. In 2021 was 9.55%, underlying instability of Indonesian economy, even if improving.
Although Indonesia is the world’s fourth most populous country and spans one-eighth of the globe, it has a remarkably low profile on the world stage. But that may be about to change as rapid growth propels the country towards the top of the global economic rankings, says Adrian Ashurst (President) of Worldbox Business Intelligence
In the last few quarters, there had been a very significant decline in growth starting in early 2020. Based on Statistics Indonesia (BPS) 2020, Indonesia’s economic growth has declined to 2.97% (y-o-y). It deteriorates in line with the COVID-19 pandemic, which hampers all economic activities in Indonesia and the world. Actually, at the beginning of 2020, the economic recovery began to…