Global Conflicts And Trade Wars Become Threats, Minister Of Finance Purbaya: Must Be Anticipated
JAKARTA Minister of Finance Purbaya Yudhi Sadive said that Indonesia as a country with an open economic system continues to observe the development of the global economy and its impact on the domestic economy.
According to him, currently, global pressure is starting to subside, but the risk of uncertainty still needs to be watched out for.
Purbaya said that global uncertainty was mainly influenced by a number of factors such as trade wars, escalation of geopolitical conflicts, and increasing global security threats, including strengthening cyber and nuclear power by various countries.
He considered, if it is not managed wisely, this has the potential to have a serious impact in the future.
"This increases fragmentation and protectionism that disturbs supply chains, thereby increasing commodity price volatility, pressure on interest rates, and exchange rates. We continue to anticipate and mitigate all of this as much as possible," he said in a working meeting with Commission XI DPR RI, Wednesday, September 10.
Although a number of countries face high tariff barriers from the United States, said Purbaya, some still show resilience in maintaining economic growth.
Purbaya gave an example that when the tariff policy was implemented in April, global trade and production activities continued.
According to him, Indonesia itself is included in a group of countries that show economic resilience to global pressure.
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Namun, ia menegaskan pentingnya kewaspadaan agar dampak lanjutan dari dinamika eksternal tidak menimbulkan tekanan yang lebih besar ke depan.
"Resiliensi ekonomi hingga triwulan ke-2 tahun ini diperkirakan berlanjut dengan pertumbuhan lebih tinggi tahun depan,” katanya.
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However, he emphasized the importance of vigilance so that the continued impact of external dynamics does not cause greater pressure in the future.
"Economic resilience until the second quarter of this year is expected to continue with higher growth next year," he said.