Global uncertainty can trigger economic recession that can disrupt Indonesia's economic growth targets in 2023. However, Indonesia is considered to have resilience, as reflected in its 2022 performance.

The outlook for the world economy in 2023 is not as bad as many people think. Coupled with China's economy, which has begun to relax, a world economic recession can even be avoided.

The hope is for a world recession, if it happens, to grow slowly rather than a sharp contraction. Perhaps inflation will remain above the normal average.

As long as the government is able to realize its commitment to an open economy, I am sure that inflation expectations of economic players in Indonesia will fall and be low.

What is going on in the global economy, and how can Indonesia prosper in such a difficult environment?

Hopefully, the country’s third-quarter growth of 5.72 percent will have a positive impact on employment. Whatever the problems affecting the fate of the workforce must be observed and anticipated well.

This is in contrast to the orthodoxy of the US Fed, which is trying to restore its credibility as a monetary authority as it continues to raise its benchmark interest rate several more times in 2022 and 2023.

Indonesia enjoyed a commodity windfall from the high prices of palm oil and mining products. Our trade balance has been positive for the last two years to result in a surplus in the state budget.