Airlangga Reports To Jokowi, Economic Growth In 2023 Is Predicted To Slow Down

Coordinating Minister for the Economy Airlangga Hartarto. (Photo: Coordinating Ministry for the Economy Doc)

JAKARTA - The Coordinating Minister for the Economy Airlangga Hartarto reported to President Joko Widodo (Jokowi) that world institutions predict Indonesia's economic growth will slow down in 2023.

"We can convey Mr. President that the challenges that come and go are not easy. The economic projections of several correction agencies are downward", he said at the '2023 Indonesia Economic Outlook' event, Wednesday, December 21.

Airlangga said the Asian Development Bank (ADB) predicts that Indonesia's economy will decline from 5.4 percent to 5 percent.

Meanwhile, the International Monetary Fund (IMF) predicts that Indonesia's economy will experience a slowdown from the initial 5.3 percent to 5 percent in 2023.

Meanwhile, the OECD corrected from 5.3 percent to 4.7 percent.

"But in all corrections, it is still 4.7 to 5 percent", he said.

On that occasion, Airlangga said, Indonesia had faced uncertainty when handling COVID-19.

However, he said, thanks to the leadership of President Joko Widodo (Jokowi), Indonesia could survive.

"We are coordinating the fiscal, monetary, and real sectors. So of course this is a valuable lesson for handling the uncertainty of various risks going forward", he said.

For your information, although various state agencies have corrected forecasts of economic growth in 2023, this figure is not much different from Bank Indonesia's prediction, where Indonesia's economic growth is in the range of 4.5 percent to 5.3 percent.