Indonesia President Sees Economic Growth of 5.3%, Higher Than G20 Countries
Indonesia President, Joko Widodo, said the economy is expected to record a growth of 5.2 percent for last year.
Indonesia President, Joko Widodo, said the economy is expected to record a growth of 5.2 percent for last year.
"Economic growth in 2023 is estimated at 5.3 percent."
Inviting more investment into the country and kicking off labor intensive projects are among the governments priorities.
BPS explained that the main driver of economic growth in Java is the industrial sector with a share of 1.9 percent and trade by 0.94 percent.
For the region, ADB projects 5 percent growth in 2022, up from April's projection of 4.9 percent.
The World Bank (WB) revised its 2022 economic growth forecast for Indonesia to 5.1 percent, from 5.2 percent due to the Russia-Ukraine war. The figure is slightly higher than the economic growth forecast for East Asia and the Pacific, at five percent
Improving infrastructures in Indonesias outermost regions, including in Aceh, is one of the cabinets main focuses.
Actors in business and industry are ready to head to endemic status and follow all necessary rules mapped out by the government.