Indonesia highlights four risks for global economy
Indonesian Minister of Finance Sri Mulyani Indrawati said on July 21 that there are four major risks that may hinder the recovery of the global economy from the first half of 2021.
Indonesian Minister of Finance Sri Mulyani Indrawati (Source: investor.id)
Jakarta (VNA) - Indonesian Minister of Finance Sri Mulyani Indrawatisaid on July 21 that there are four major risks that may hinder the recovery ofthe global economy from the first half of 2021.
The first risk is the emergence of the Delta variant of theSARS-CoV-2. The minister said the variant, which appeared from March to May2021 in India, now spreads to more than 130 countries. It raises thepossibility of tightening policy restrictions on public activities andhindering normal operations in many countries.
The second risk is unequal vaccination between countries andeven in a country, leading to differences in pandemic control and economicrecovery, she said.
The third risk is the rising inflation in the United States,which surpassed 5 percent for the two consecutive months, higher than the 2percent inflation target.
And the fourth risk is supply disruption and risinginflation in many countries, especially developed countries, affectingproduction and increasing production costs./.
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The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
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Indonesian Minister of Finance Sri Mulyani Indrawati (Source: investor.id) 
