Economics

Uneven Recovery Worsens Risks for Global Economy, Indrawati Says

Geopolitics, inflation loom over global economy as G-20 meets
G-20 host Indonesia is set to announce communique on Friday

WATCH: Indonesian Finance Minister Sri Mulyani Indrawati says her nation is on track to returning to fiscal consolidation as the budget deficit is set to narrow further to 4% of GDP this year. Source: Bloomberg

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By Claire Jiao and Grace Sihombing

February 18, 2022 at 4:35 AM UTC

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An uneven economic rebound is complicating discussions among finance chiefs and central bank governors of the world’s biggest economies as they meet this week to navigate a fragile global recovery.

“Some are facing this with high growth and inflation, so they have to adjust their policy domestically, but at the same time other countries are still left behind,” Indonesia’s Finance Minister Sri Mulyani Indrawati told Bloomberg Television’s Yvonne Man and Haslinda Amin in an interview Friday from the sidelines of the Group of 20 meetings. “That can create an environment for policy that is not easy.”