The Indonesian Employers' Association (Apindo) projects that Indonesia's economic growth will reach 5.15% to a maximum of 5.56% in 2023. Apindo chairman Hariyadi Sukamdani said he was optimistic about this target, but was still wary of the global situation. "We believe economic growth can reach above 5 percent, it could be even higher if the government works hard. But there are also global factors that need to be anticipated," Hariyadi said in the Indonesia Economic Projection webinar, quoted by Antara, Monday (5/12). Hariyadi added that the projected economic growth of 5.15% to 5.56% has a fairly wide range because global economic uncertainty is still high. However, Indonesia's economy is estimated to still grow above 5%. On the other hand, he estimates that demand for non-food items will drop significantly, such as textiles, footwear and furniture. As of October 2022, the textile and textile product (TPT) and footwear sectors have even been recorded as having terminated their employment relationship (PHK) for 79 thousand workers in West Java. Seeing this condition, Hariyadi suggested that the government make more flexible regulations, including by allowing reductions in working hours and payments for the Employment Social Security Administration Agency (BPJS). "This will be relaxed first until the situation gets better for the sectors mentioned earlier," he said. In addition, Indonesia's trade agreement with the European Union also needs to be accelerated. Indonesia is considered to be able to take advantage in the midst of the threat of a European recession. fine," Hariyadi said.
Tuesday, 06 December 2022 10:09
Entrepreneurs Project Indonesia's Economy to Grow Up to 5.56% in 2023
