Purbaya: Global Uncertainty Eases, Positive Signal For The World Economy

JAKARTA - Finance Minister Purbaya Yudhi Sadive said that until now global uncertainty is still continuing. However, tension between the United States and China has begun to subside, and the Fed has lowered the referral rate for the second time this year, this condition has given a positive signal to global economic stability.

"This provides a positive signal for global economic stability. Global demand is also still maintained, global manufacturing activities in October 2025 are still expanding with PMI at 50.8, while Indonesia is at a higher level of 51.2," he explained at a press conference, November 20.

On the other hand, he said the Chinese economy was still experiencing a slowdown in the third quarter. However, the Southeast Asia region, including Indonesia, continues to show resilience.

Purbaya said commodity prices also fluctuate where coal, oil, and nickel weaken year on year. However, month on month, coal prices rose to around $109.5 per tonne as demand from major importing countries increased.

While the price of Brent oil rose slightly month on month, it still weakened year on year.

"Currently, the price of oil is around 63.6 dollars per barrel due to geopolitical risks and the surplus of OPEC+ production," he said.

Meanwhile, he said the price of copper and CPO showed a year on year strengthening trend.

According to him, the increase in copper prices was mainly influenced by concerns over supply tightening and the end of government shutdown in the United States.

Purbaya said that the movement of commodity prices also had an impact on Indonesia's export performance and revenue from the state budget.

"As of mid-November 2025, global dynamics seems to be starting to have a positive sentiment. This is supported by the easing of war, trade, and lowering of the Federal Reserve benchmark interest," he explained.