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Geopolitical Uncertainty Drags Down Global Economy: Sri Mulyani
Article:
Indonesia’s Finance Minister Sri Mulyani, representing President Prabowo Subianto, expressed concerns about lingering geopolitical conflicts and their impact on global economies, particularly those of advanced nations. Speaking at the opening of the Indonesia Stock Exchange’s 2025 event in Jakarta, she highlighted that persistent geopolitical tensions, such as the Russia-Ukraine conflict, are contributing to global economic slowdown.
Sri Mulyani emphasized that the uncertainty of these conflicts is translating into economic woes for major economies. She pointed out the precarious situation of the G7 nations, which are facing budgetary issues, frequent government changes, and overall economic stumbles. This, sheAsserted, has ripple effects worldwide.
Domestically, Indonesia’s economy showed signs of improvement in the second semester of 2024, but global political events have posed threats to its recovery. The Minister underscored the importance of maintaining domestic unity and stability, a recurring message from President Prabowo Subianto.
"Our President consistently stresses that a progressive nation is one that can maintain unity and harmony, both among its elites and at the grassroots level. A nation cannot prosper when conflicts persist," said Sri Mulyani.
The Minister’s warning comes as investors and businesses worldwide grapple with an increasingly uncertain international landscape. As these political conflicts continue, economies may struggle to gain traction, and episodes of global economic growth may remain elusive.
Source: CNBC Indonesia
