Wednesday, 16 October 2024 11:53

Indonesia Records Highest Economic Growth in the Last Decade

Over the past decade, Indonesia's economy has consistently performed well, maintaining robust growth, especially post-pandemic. According to World Bank projections, Indonesia is expected to grow between 5% and 5.2% during 2024-2025, returning to pre-pandemic growth rates. Inflation is under control, reaching 1.84% in September 2024, indicating strong consumer purchasing power and supporting economic growth. The deflation observed over the past five months was largely due to the decrease in prices of various food commodities.

Indonesia's financial markets remain stable, with the Rupiah performing better than many other Asian currencies, and the Indonesia Stock Exchange Index showing positive growth. These achievements have made Indonesia an attractive destination for investors. Rating and Investment Information, Inc. (R&I) has affirmed Indonesia's Sovereign Credit Rating at BBB+ with a positive outlook. The government is focusing on facilitating investments in 22 Special Economic Zones and promising sectors such as Carbon Capture Storage (CCS), semiconductors, green hydrogen, and Small-Modular Reactors (SMRs). The medium- to long-term growth strategy includes digitalization, energy transition, and semiconductors, along with social resilience and community empowerment. International banks like HSBC play a crucial role in supporting the flow of foreign investments into Indonesia.

Source: https://mediacenter.riau.go.id/read/88364/indonesia-catat-rekor-pertumbuhan-ekonomi-ter.html

 

 

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