by Teuvo Tuomi | Sep 25, 2024 | Indonesia, Business, Economy, News, Reports
Indonesia’s dream of becoming a high-income economy by 2045 is bleak, the World Bank says. Achieving that target in time, Indonesia would require annual gross domestic product growth of 6-7% over the next 20 years. “For middle-income countries to have high income in...
by Teuvo Tuomi | Jan 12, 2024 | Economy, News
The World Bank forecasts just 2.4% global economic growth year on year in 2024. High interest rates remain a major factor. Excluding the contraction of the global economy in 2020 due to the impact of the COVID-19 pandemic, the growth rate of 2024 will be the lowest...
