Edelman - Indonesia Economic Outlook, 2023

The report provides an economic outlook for Indonesia in 2023. It highlights the need for the government to create incentives to attract investors, expand and strengthen non-European export markets, and create new comprehensive market standards for non-EU export markets. The report also mentions concerns regarding the development of essential infrastructure, human resources quality, and socio-cultural stability. The Financial Sector Development and Strengthening Law (P2SK Law) is another regulatory highlight of 2022, which establishes a regulatory foundation for Indonesia's financial sector. The report also mentions the impact of global inflation and uncertainty due to supply chain problems and geopolitical tensions. The report discusses the G20 Bali Leaders' Declaration, which includes important points such as staying agile and flexible in macro-economic policy responses and cooperation, protecting macroeconomic and financial stability, promoting food and energy security, catalyzing innovative financing and private investment in low- and middle-income countries to support the achievement of the Sustainable Development Goals (SDGs), and recommitting to accelerate the achievement of the SDGs. Finally, the report discusses bilateral economic agreements received by Indonesia during its G20 presidency, including investment commitments and grants. Overall, the report provides insights into the economic challenges and opportunities facing Indonesia in 2023 and beyond.