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Indonesia’s growth rate predicted at 5.1% this year

The Finance Ministry of Indonesia forecasts this country will record an economic growth of 5.1% in 2023.
Indonesia’s growth rate predicted at 5.1% this year ảnh 1A rice store at a market in Jakarta, Indonesia (Photo: AFP/VNA)
Jakarta (VNA) – TheFinance Ministry of Indonesia forecasts this country will record an economicgrowth of 5.1% in 2023.

Febrio Kacaribu, head of the ministry’s Fiscal Policy Agency, delivered theprojection at the recent 11th annual US - Indonesia Investment Summit inJakarta, expressing his optimism that Indonesia will reach this year’s growth targetthanks to stable economic expansion, by over 5% during the first half.

The country’s gross domestic product(GDP) is predicted to increase by more than 5% in the third quarter as in thefirst two quarters. Though many challenges remain in Q4, Febrio expected thisyear’s growth will be higher than forecast.

The official perceived that theGovernment should focus on sustaining the current purchasing power and growthrate from now until the year’s end and 2024./.
VNA
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