BI Optimistic That Indonesia's Economic Growth Will Reach 5.5 Percent In 2024

Governor of Bank Indonesia Perry Warjiyo. (Photo: Doc. ANTARA)

JAKARTA - Bank Indonesia (BI) remains optimistic that Indonesia's economic growth in 2024 is expected to increase in the range of 4.7 percent to 5.5 percent.

BI Governor Perry Warjiyo said this prospect was influenced by the improvement in exports in line with the increase in world economic growth and it was still better for domestic demand to be supported by the positive confidence of economic actors.

"Household Consumption and investment, especially non-development, need to be encouraged in order to support sustainable economic growth," Perry explained at a press conference, Wednesday, February 21.

Perry said that Bank Indonesia will continue to strengthen the policy mix, especially through macroprudential policies and payment system policies, as well as synergize with the Government's fiscal stimulus to encourage economic growth, especially in terms of domestic demand.

Meanwhile, regarding the global economic outlook for the world, Perry said that world economic growth is predicted to be better than the previous projection in the midst of financial market uncertainty which is still high.

Perry said the estimated world economic growth in 2024 from 2.8 percent to 3.0 percent.

Improvements are mainly supported by the stronger economic performance of the United States (US) and India in line with high consumption and investment.