Main Article Content


The global economy in recent years has shown a downward trend and is predicted by the World Bank to become a recession in 2023. As a global economic phenomenon, this condition will affect every country, including Indonesia’s. This study analyzed the ability of Indonesia's economic fundamentals in a qualitative descriptive and literature study based on five indicators of the economic crisis, namely: economic growth, the exchange rate of the rupiah against the US dollar; inflation; economic growth; and total foreign debt, by comparing conditions during the economic crisis in 1998 and 2008, with Indonesia's current economic situation (in 2022). The results of this study indicated that Indonesia's economic condition is considered quite ready and stable to face the threat of a global economic crisis in 2023. However, as a country that depends on global economic relations, Indonesia will indirectly or directly impact the economic fluctuations and inflation that occur in many countries during the crisis because the economic crisis will have social and political impacts. This research suggests that Indonesia should focus on maintaining economic continuity in the real sector, maintaining the supply of basic needs at the community level, building economic independence by encouraging more production, and supporting political and security stability.

Article Details

How to Cite
Vella Anggresta, Heru Subiyantoro, & Pudji Astuty. (2023). Prediction of The Global Recession’s Effects on Indonesia’s Economy in 2023. International Journal of Multidisciplinary: Applied Business and Education Research, 4(1), 1-7.


Akyuwen, R. J. (2021). Refund Akibat Pembatalan Tiket Pesawat sebagai Dampak Pandemi Covid-19. Sasi, 27(1), 113.
An, Z., Jalles, J. T., & Loungani, P. (2018). How well do economists forecast recessions? International Finance, 21(2), 100–121.
Asia, E., & Federation, R. (2022). Recent developments.
Bakrie, C. R., Delanova, M. O., & Yani, Y. M. (2022). Perekonomian Negara Kawasan Asia Tenggara. Jurnal Caraka Prabu, 6(1), 65–86.
Bank Indonesia. (2018). Kajian Stabilitas Keuangan: Penguatan SSK dalam Upaya Menjaga Momentum Pertumbuhan. Bank Indonesia, 30.
Elias, S., & Noone, C. (2011). The Growth and Development of the Indonesian Economy. Bulletin, December Quarte, 33–44.
Fund, I. M. (2022). World Economic (Issue May).
Guénette, J. D., Kose, M. A., & Sugawara, N. (2022). Is a Global Recession Imminent? -- EFI Policy Note 4. September.
International Labour Office. (2022). World Employment and Social Outlook.
Irfan, dkk. (2021). Dampak Covid-19 Terhadap Perubahan Perilaku Masyarakat. Jurnal Pendidikan Sosiologi, 4, 78–86.
Iswahyudi, H. (2021). the Persistent Effects of Covid-19 on the Economy and Fiscal Capacity of Indonesia. Jurnal Ekonomi Dan Pembangunan, 29(2), 113–130.
Junaedi, D., & Salistia, F. (2020). Dampak Pandemi COVID-19 Terhadap Pertumbuhan Ekonomi Negara-Negara Terdampak. In Simposium Nasional Keuangan Negara (pp. 995–1115).
Kannan, P., Scott, A., & Terrones, M. (2009). From recession to recovery: how soon and how strong? In World Economic Outlook (Issue April 2009, pp. 239–274).
Kementerian Perdagangan. (2022). Neraca Perdagangan Luar Negeri September 2022 (Vol. 2022, Issue September).
Kimura, F., Thangavelu, S. M., Narjoko, D., & Findlay, C. (2020). Pandemic (COVID-19) Policy, Regional Cooperation and the Emerging Global Production Network. Asian Economic Journal, 34(1), 3–27.
Kominfo. (2021). Status Literasi Digital di Indonesia Ringkasan Eksekutif.
Kovacevic, A. (2009). The Impact of the Russia – Ukraine Gas Crisis in South Eastern Europe (Issue March).
Mustika, C. (2011). Pengaruh PDB Dan Jumlah Penduduk Terhadap Kemiskinan Di Indonesia Periode 1990-2008. Jurnal Paradigma Ekonomika, 1(4), 12–23.
Nicola, M., Alsafi, Z., Sohrabi, C., Kerwan, A., Al-Jabir, A., Iosifidis, C., Agha, M., & Agha, R. (2020). The socio-economic implications of the coronavirus pandemic (COVID-19): A review. International Journal of Surgery, 78(April), 185–193.
Nomura. (2022). We See More Major Economies Tipping Into Recession. Www.Nomuraconnects.Com.
OECD. (2022). The supply of critical raw materials endangered by Russia’s war on Ukraine. August, 1–8.
Paspi. (2022). The Threats Of Global Recession In 2022-2023 And Its Impact On The Palm Oil Industry. Palm Oil Agribusiness Strategic Policy Institute, II(28), 641–646.
Raco, J. (2008). Metode Penelitian Kualitatif.
Santoso, H. (2005). Tentang Wabah Penyakit Menular.
Smith, R. D., Keogh-Brown, M. R., & Barnett, T. (2011). Estimating the economic impact of pandemic influenza: An application of the computable general equilibrium model to the UK. Social Science and Medicine, 73(2), 235–244.
Subiyanto, & Mayatin. (2013). Sebuah Paradoksal Krisis Pangan dan Ironi Ketahanan Pangan. Tinjauan Perspektif Islam, 1(1), 93–117.
Surya, T. A. (2022). Mewaspadai Ancaman Resesi Global. Pusat Penelitian Pusat Penelitian Badan Keahlian DPR RI, September, 13–18.
Tatyana, & Andrey. (2019). Impact of the Global Recession on Financial and Economic Sustainability of Industrial Companies. European Research Studies Journal, XXII(Issue 1), 143–157.
Umbara, F. R., & Nursantika, D. (2015). Prediksi Krisis Ekonomi Jangka Pendek Berdasarkan Nilai PDB dan Hutang Luar Negeri Di Indonesia dengan Analisa Forecasting Menggunakan Metode Multi- Layer Perceptron pada Weka. Prosiding Snija 2015, 340–342.
Vanani, A. B. D. S. (2021). Determinasi Resesi Ekonomi Indonesia Dimasa Pandemi Covid-19. Manara Ekonomi, 90(2), 125–141.
Viju, C., & Kerr, W. A. (2012). Protectionism during recession why are trade barriers no longer the preferred policy choice ? Procedia - Social and Behavioral Sciences-Social and Behavioral Sciences, 62(March 2009), 1366–1370.
Wan, G., & Francisco, R. H. (2009). How is the Global Recession Impacting on Poverty and Social Spending? ADB Sustainable Development Working Paper Series How, 8.