The Coordinating Minister for the Economy Airlangga Hartarto, stated that the Government has targeted economic growth in 2023 of 5.3 percent year on year. This was conveyed by the Coordinating Minister for Airlangga Press Conference: Indonesia's Q4 2022 Economic Growth, online, Monday (6/2/2023). "The government has standardized and prepared a growth target in 2023 of 5.3% year on year. And this is also supported by various institutions which assess that Indonesia's economic growth can reach at least 5%," said Airlangga. This optimism arises because economic growth throughout 2022 is fairly brilliant. This is reflected in the consumer confidence index, which is also high at level 120. Then, as seen from the Global PMI, it is at an expansion level of 51.3.
Then for the external sector it is also under control, the current account surplus is good, foreign exchange reserves also grow positively around USD 134 billion, government bond yields are starting to slump, and the exchange rate and JCI are strengthening, and the ratio of foreign debt to GDP is still at a level below 30%. percent. "These several lines of indicators show the process of economic growth which is expected to be a support in 2023," he said. Nevertheless, the government continues to be vigilant and anticipatory of the global economic slowdown which has shown a decline in demand. On the other hand, Indonesia's core economy is still well monitored. This means that economic resilience in 2023 is believed to be strong. "Because we see a number of things such as commodity prices which are relatively sloping in the future," said Airlangga.
