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Indonesia Economy

A fisherman sitting before going to fish at night in Jakarta on April 16, 2022. The Asian Development Bank, or ADB, has projected Indonesia's economy to expand by 5.0 percent in 2022 and 5.2 percent in 2023 on the back of recovering demand. The Asian Development Outlook (ADO) 2022 upgraded the growth estimation from its earlier projection for 2022 of 4.8 percent, acknowledging Indonesia's success in reining in the Covid-19 third wave. Still, the lender said a prolonged war between Russia and Ukraine carried a risk to Indonesia's growth momentum. (Photo by Afriadi Hikmal/NurPhoto)

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