Sri Mulyani Team Predicts Economic Growth to Reach 5.1% in 2023 News – 53 minutes ago

Jakarta, CNBC Indonesia – The government estimates that Indonesia’s economic growth will reach 5.1% in 2023. This was stated by the Head of the Fiscal Policy Agency (BKF) of the Ministry of Finance, Febrio Kacaribu, at the 11th US-Indonesia Investment Summit at the Mandarin Oriental Hotel, Jakarta, Tuesday (24/10/ 2023).

“Overall throughout 2023, we will maintain our economic growth at around 5.1%,” said Febrio.

Febrio is optimistic that this target will be achieved if we see Indonesia’s consistent economic growth in 2023. He said that in the first semester, Indonesia managed to experience economic growth of above 5%. The average economic growth in Indonesia in the first half of 2023, he said, was 5.1% per quarter.

“This has been achieved,” he added.

He estimates that Gross Domestic Product growth in the third quarter will still reach more than 5%. “The numbers will be announced later,” he said.

Febrio said that to achieve economic growth in the fourth quarter of 2023 above 5%, Indonesia will face many challenges. However, he is optimistic that the growth rate in the fourth quarter will reach more than 5%.

“We will maintain that GDP growth will also be around 5%,” he said.

Febrio admitted that achieving the growth target would not be easy. He said the Indonesian economy faced many challenges due to global uncertainty. “We are not in good shape,” he said.

He said the government needed to respond to this situation with the right policies. He said there were two strategies prepared by the government, namely maintaining people’s purchasing power and secondly maintaining the growth momentum experienced by Indonesia.

“We will work on these two keywords for at least the next two and a half months until the remainder of this year and also looking forward to 2024,” he said.

[Gambas:Video CNBC]

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