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Economists See Inflation Spike in Indonesia for Rest of 2022

A global spell of high inflation, aggressive monetary tightening and the risk of a recession are prompting economists to revise Indonesia’s economic forecasts for the remainder of the year.  

Analysts raised inflation projections for the third- and fourth-quarters by almost a full percentage point to 5% and 5.15%, respectively, median forecasts from Bloomberg’s latest monthly survey showed. They bumped economic growth estimate for the period a tad higher, while keeping the full-year growth outlook unchanged at 5.2%.