Events And Creative Economy Become New Machines For Jakarta Growth

Head of DKI Jakarta BI Representative, Iwan Setiawan in a media talk activity in Jakarta, Thursday (6/11). (ANTARA)

JAKARTA - The Bank Indonesia Jakarta Representative Office is optimistic that Jakarta's economy will grow at the end of 2025 in the range of 4.6 to 5.4 percent on an annual basis, supported by one of which is the large number of concerts and sports in the capital city.

"Now it has entered in the fifth week, the fourth quarter of 2025. The look of the economic revival is extraordinary in Jakarta. Apart from relying on investment, the warehousing transportation sector business field, the creative economy sector has become the new engine of growth (new source of growth) of the DKI Jakarta economy," said Head of DKI Jakarta BI Representative, Iwan Setiawan, quoted by Antara, Friday, November 7.

Other Jakarta economic supporters are the realization of various government programs and stimuli in the context of accelerating spending, and the implementation of various infrastructure projects is still ongoing.

Iwan conveyed that the economic package stimulus includes discounted transportation rates at the end of the year and 8 + 4 + 5 packages, namely 8 acceleration programs in 2025, plus 4 programs that will be continued in 2026, and 5 government mainstay programs for employment will also have a positive impact on the Jakarta economy, especially the consumption of people's households in the short term.

Implementation of 8+4+5 packages includes the implementation of a national internship program for new graduates (fresh graduates), discounts on Work Accident Insurance (JKK) and Death Security (JKM) contributions for non-wage workers (BPUs), and others.

"These are various policies that encourage supporting economic growth," said Iwan.

Meanwhile, BI DKI Jakarta estimates that household consumption in the fourth quarter of 2025 will strengthen along with the momentum of Christmas and New Year and the improving economic prospects.

This is indicated by optimism in the consumer confidence index (IKK), consumer expectation index (IEK), current economic condition index (IKE), retail sales index including the development index of business activities.

"We estimate that investment and consumption in Q4 will certainly be accelerated, as well as service sectors, especially information and communication, as well as increasing the use of internet data packages, which are in line with the increasing number of MICE," said Iwan.

Along with that, the synergy between the DKI Jakarta Government, Bank Indonesia, and all stakeholders who are members of the DKI Jakarta Regional Inflation Control Team (TPID) will continue to be strengthened through a 4K strategy (supply availability, price affordability, smooth distribution, and effective communication).

With these various efforts, he added, Jakarta's inflation at the end of 2025 can be maintained in a 2.5 plus minus 1 percent (yearly/yoy) target.