Maximizing Stable Economic Growth
Our middle class may still be able to absorb inflation, but if uncontrolled price hikes continue, their resistance will break down. The risk of pressures on growth in 2023 will face the 2024 political year.
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Buyers choose clothes at a shopping center in the Ciledug area, Tangerang City, Banten, Tuesday (10/5/2022). The Central Statistics Agency (BPS) noted that household consumption was one of the driving forces for Indonesia's economic growth, which grew 4.43 percent.
Indonesia experienced stable and relatively high macroeconomic growth in the first quarter of 2022, despite being overcast by the risks of high inflation and unemployment.
Statistics Indonesia (BPS) recorded that the economy grew 5.01 percent in the first quarter of 2022 and 5.02 percent in the fourth quarter of 2021. This positive growth trend, despite the 0.96 percent contraction, is expected to continue in the second quarter of 2022, buoyed by economic activities during Idul Fitri and exports of crude palm oil, crude petroleum, nickel, tin, copper and coal.