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Indonesia forecasts growth of up to over 5% for next two years

Indonesia will possibly record economic growth of 4.5 - 5.3% in 2023 and 4.7 - 5.5% in 2024, according to Governor of Bank Indonesia Perry Warjiyo.
Indonesia forecasts growth of up to over 5% for next two years ảnh 1A road in Jakarta, Indonesia (Photo: AFP/VNA)
Jakarta (VNA) –Indonesia will possibly record economic growth of 4.5 - 5.3% in 2023 and 4.7 - 5.5%in 2024, according to Governor of Bank Indonesia Perry Warjiyo.

Growth drivers will includesuch factors as exports, consumption, and investment,which will increase, he told the central bank’s recent annual meeting.

Downstreaming, infrastructure development, foreigninvestment, and tourism activities are also expected to boost growth.

Warjiyo predicted that core inflation, which is currentlystill high, will decline again to the target of 3% +/- 1% in the first half of nextyear.

He also assured that the rupiah exchange rate will bemaintained and strengthened in 2023 if the global turmoil subsides. The currencywill be maintained on the back of Indonesia's good economic fundamentals, highgrowth, low inflation, and attractive government bond yields.

The policy for stabilising the rupiah against global pressureis also targeted to control inflation and stabilise the macro-economy andfinancial system./.
VNA/
#Indonesia#Bank Indonesia#economic growth#inflation#foreign investment#macro-economy#Vietnamplus#Vietnam News Agency
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