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Bangkok Post
Bangkok Post
Business

Indonesian economic growth rises to 9-year high

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.

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