JAKARTA - Bank Indonesia (BI) predicts Indonesia's economic growth in 2025 to be in the range of 4.6 percent to 5.4 percent, slightly lower than the previous forecast range of 4.7 percent - 5.5 percent.
Bank Indonesia Governor Perry Warjiyo said various policy responses need to be strengthened to encourage economic growth, among others, through strengthening domestic demand and optimizing opportunities for increasing exports.
"In this regard, the monetary and macroprudential policy mix of Bank Indonesia, which is supported by the acceleration of digitalization of payment systems, continues to be synergized with the Government's fiscal stimulus policy, including support for the implementation of the Asta Cita Government program," Perry said at a press conference, Wednesday, May 21.
In addition, Perry said that Indonesia's economic growth needs to be strengthened so that it can mitigate the impact of global uncertainty due to the US reciprocal tariff policy.
Meanwhile, economic growth in the first quarter of 2025 was recorded at 4.87 percent (yoy), lower than the fourth quarter of 2024 by 5.02 percent (yoy).
According to him, Gross Domestic Product (GDP) in the first quarter of 2025 is supported by household consumption in line with community activities and mobility which increased during the New Year holidays and the National Religious Holidays (HBKN) of Eid Al-Fitr.
"Investasi tumbuh sejalan dengan realisasi penanaman modal, sementara ekspor tumbuh ditopang oleh permintaan mitra dagang utama dan ekspor jasa," jelasnya.
Perry conveyed that based on the Business Field (LU), LU, the Industry for Processing, Trade, Transportation, and Warehousing, and Agriculture recorded good performance.
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He conveyed that the latest developments in the second quarter of 2025 show the need to continue to strengthen efforts to encourage various economic activities.
"Indonesia's economic growth is predicted to improve in the second semester of 2025, driven by increased domestic demand, including the increase in government spending," he explained.
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