Faisal Basri Estimates That The 2024 Indonesian Economy Will Be Disturbed Due To Internal Factors: Many Ministers Become Timces

INDEF Senior Economist, Faisal Basri. (Photo: Doc. Antara)

JAKARTA - Senior Economist Indef Faisal Basri estimates that Indonesia's economic growth will slow down below 5 percent by 2024.

"So I estimate that economic growth this year is a maximum of 4.8 percent of my edges tend to be 4.7 percent. Because every year the investment elections have decreased, always, after reform," he said.

Faisal conveyed that the sentiment that would affect the Indonesian economy came from internal factors.

"Indonesia's economy in the future is estimated to have more dynamics due to internal factors," he said.

According to Faisal, one of the several state officials who are included as campaigners for presidential and vice presidential candidates will affect their performance.

"This year you can imagine. There are 15 ministers or deputy ministers who don't work, they are the team (a success team)," he said.

Faisal gave an example, such as Coordinating Minister for the Economy Airlangga Hartarto, Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan, Investment Minister Bahlil Lahadalia, and Presidential Chief of Staff Moeldoko.

"The Coordinating Minister for the Economy continues to comment on the presidential candidate more than his business. The Minister of Investment has gone too far, there is no shame anymore. Moeldoko, no one is working here," he explained.

According to Faisal, the uncertainty due to the election will make the business world delay investment and expansion plans.

"For example, if 01 (Anies Baswedan-Muhaimin Iskandar) wins, he says it's a radical change. Want to invest in IKN (State Capital) or not, that's the extreme," said Faisal.

Faisal said that investment has an important role in the economy because it reaches around 30 percent, only losing to household consumption.