The International Monetary Fund (IMF) projects continued positive economic growth for Indonesia in 2024 and 2025. According to the July 2024 World Economic Outlook (WEO) Update, Indonesia's economy is expected to grow by 5% in 2024, with a slight increase to 5.1% in 2025. These projections remain consistent with the IMF's April 2024 WEO report. Indonesia's economic growth was recorded at 5.3% in 2022 and 5% in 2023, indicating a stable trend. The IMF noted that despite some fluctuations and a weakening trend in emerging market currencies, these economies remain generally resilient. The report highlighted that emerging market currencies have faced depreciation pressures, but overall economic performance remains robust.
Globally, growth is projected to remain stable at 3.2% in 2024 and 3.3% in 2025, with no change from the April 2024 projections. The IMF also forecasts that global inflation will continue to decline, although the disinflation pace in advanced economies is expected to slow in 2024 and 2025 due to persistent service price inflation and higher commodity prices. In emerging markets, inflation is projected to remain higher and decrease more slowly compared to advanced economies. However, thanks to lower energy prices, inflation in many developing countries is approaching pre-pandemic levels.
