UOB Indonesia Economic Outlook 2023
For at least the past 5 years, the global economy faces an increasingly more nuanced challenges. Starting from trade war in 2018, global pandemic in late 2019 that spawned over 2 years of 2020-1, and the most recent aggression in the Balkan area in early 2022 have indeed borne testament of economies around the world, facing the risks of becoming more autarkic, or at least taking a notable step back towards deeper integration.
A concerted effort is urgently required to reverse this vicious cycle and mitigate a global economic crisis. The Indonesian Presidency of G20 is one such opportune avenue. Indonesia is uniquely positioned being the only G20 member from Southeast Asia that championed various themes that encourage nations to unite, foster closer cooperation, and emerge stronger from prolonged crises. One such important global trend that call for higher unity and closer cooperation is to address the issue of sustainability.
