- August 4, 2022
- Posted by: Stratford Team
- Category: Economy
The United States economy contracted for two consecutive quarters. Senior economist and former finance minister Chateeb Basri warned that the US economic slowdown could have an impact on the domestic economy.
The US economy is in a technical recession after falling 0.9% in the second quarter. The US economy also shrank 1.4% in the first quarter of 2022.
“If the US economy slows down, it will have an impact on European countries as well as China. Meanwhile, China has a very important role to play, especially for countries like Indonesia and Australia. as resource producing countries.” Minister Chateeb Basri in an online discussion, Wednesday (3/8).
The US and China are the two destination countries for Indonesia’s commodity exports. If the economy slows, demand for Indonesian goods will also decline. When demand falls, commodity prices may also fall in the future. whereas, booming Commodity prices have become one of the engines for the…
