Revised Data: Indonesia and Russia's Economic Projections According to the World Bank

Economics & Macro

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Viva Budy Kusnandar 09/06/2022 12:00 WIB

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The World Bank revised down its global economic growth forecast for 2022 to 2.9% from a previous projection of 4.1%.

Indonesia and Several Countries' Economic Growth Projections for 2022

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Revised Data: Indonesia and Russia's Economic Projections According to the World Bank

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Indonesia and Several Countries' Economic Growth Projections for 2022

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The World Bank, in its June 2022 edition of the *Global Economic Prospects* report, revised its projection for global economic growth to 2.9% in 2022.

This figure is 1.2 percentage points lower than the January 2022 projection of 4.1%.

India's economy is projected to decline by 1.2 percentage points to 7.5% this year, down from the previous projection of 8.7%.

Similarly, Indonesia's economy is expected to fall by 0.1 percentage points to 5.1%, from a previous estimate of 5.2%.

China's economy is projected to decline by 0.8 percentage points to 4.3%, Thailand by 1 percentage point to 2.9%, the United States by 1.2 percentage points to 2.5%, and Japan by 1.2% to 1.7%.

Meanwhile, the Russian economy is predicted to contract by 8.9%, a significant reversal from the previous projection of 2.4% growth.

The global economy, still recovering from the Covid-19 pandemic, is facing renewed pressure due to the Russian invasion of Ukraine.

Disruptions to supply chains have also fueled commodity price increases, leading to high inflation in several countries.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."