Sri Mulyani: Semester-II 2024 Economic Growth Remains 5.1 Percent Not Easy

Minister of Finance Sri Mulyani assessed that keeping Indonesia's economic growth at 5.1 percent in the second semester of 2024 was not easy because of the weakening global economy.

Sri Mulyani said the government would continue to see factors in household consumption, investment, exports and imports in order to keep economic growth at the level of 5.1 percent, even 5.2 percent in the third and fourth quarters.

"Of course this is not easy at a time when the current global economy tends to weaken and fragment," Sri Mulyani said as quoted by ANTARA, Tuesday, August 6.

Therefore, the state treasurer together with the Coordinating Minister for the Economy Airlangga Hartarto, according to President Joko Widodo's direction, will take policies so that economic growth is maintained.

However, Sri Mulyani assessed that Indonesia's economic growth of 5.05 percent on an annual basis in the second quarter of 2024 was still quite good and had to be maintained.

"Growth in the second quarter is quite good, still quite good and has a momentum that we must maintain. Consumption, investment, exports, imports that we will pay attention to," concluded Sri Mulyani.

As reported, the Central Statistics Agency (BPS) reported Indonesia's economic growth of 5.05 percent on an annual basis (year-on-year/yoy).

The amount of Gross Domestic Product (GDP) on the basis of Valid Prices was recorded at IDR 5,536.5 trillion, while GDP on a Constant Price basis reached IDR 3,231 trillion.

"Indonesia's economic growth in the second quarter of 2024 when compared to the second quarter of 2023 or year-on-year (yoy) grew 5.05 percent," said BPS Deputy for Balance and Statistics Analysis Moh Edy Mahmud at a press conference, in Jakarta, Monday.