Indonesia’s economy remains resilient

The Director of Bank Indonesia’s Monetary Economic Policy said in Sumatra on Sunday that, the country’s economy growth in the first and second quarter of this year is expected to be higher than the fourth quarter of 2023. The economic growth is supported by strong domestic demand from household consumption.

In addition to this, investment in infrastructure has grown, driven by development of National Strategic Projects in several regions, and private property as a positive impact of government incentives. For this year, the central bank had estimated the country’s economic growth in the range of 4.7 percent to 5.5 percent.