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Indonesia’s economy to grow by 4.8 pct in 2023: ADB

JAKARTA, April 4 (Xinhua) — The Asian Development Bank (ADB) projected that Indonesia’s economy will grow by 4.8 percent in 2023 and 5.0 percent the following year, given the downward tendency in commodity prices and normal demand.

This figure is lower than the Indonesian government’s estimate of around 5 percent to 5.3 percent in 2023.

ADB Director for Indonesia Jiro Tominaga said that the surge in expo