Member Of The House Of Representatives Commission XI: The Indonesian Economic Recovery Trend Is On The Right Track

Member of Commission XI DPR Puteri Anetta Komarudin. (Photo: Doc. Antara)

JAKARTA - Member of Commission XI of the House of Representatives, Puteri Anetta Komarudin, assessed that the trend of national economic recovery was on the right track and was getting more solid.

"Even though we are faced with global uncertainty due to the escalation of geopolitical tensions, the weakening of the exchange rate to the decline in commodity prices, our economy is able to grow above 5 percent, supported by strong domestic economic activity," Puteri said in a statement in Jakarta, quoted from Antara, Tuesday, May 7.

Puteri said this was because economic growth was quite impressive, namely 5.11 percent in the first quarter of 2024.

The government noted that economic growth in the first quarter of this year was the highest since 2019. According to Puteri, this is inseparable from the increasing production activity. Among them can be seen from the Prompt Manufacturing Index (PMI) which is still in the expansion zone which reaches 52.80 percent.

In addition, community mobility is also increasing, which shows an increase in the number of passengers in all modes of transportation. Investment realization is also getting stronger, which is reflected in the realization of investment growing 22.07 percent (yoy) and government capital expenditures growing to 17.76 percent (yoy).

People's purchasing power and consumption are also maintained which is also driven by the moment of Ramadan. Reflecting on the retail sales index which grew 3.63 percent (yoy), social assistance spending grew 20.71 percent (yoy), and the amount of money in circulation grew 6.36 percent (yoy).

According to Puteri, some of these indicators show that economic conditions continue to recover and are getting back up.

"Looking at this realization, we believe that economic growth in the next quarter will still grow positively and high. Especially in the second quarter, which in trend always shows a higher realization than the first quarter," said Puteri.

Puteri said that the momentum of Ramadan and Eid al-Fitr 2024 could increase the growth of household consumption and the transportation and retail sectors. In addition, the government also continues to support public consumption through various social assistance and subsidies as a cushion to protect people's purchasing power.

"For that, we believe we can achieve the economic growth target of 5.2 percent throughout 2024," he said.