Jokowi Is Confident That Indonesia's Economic Growth In The Third Quarter Of 2022 Will Grow Above 3 Percent

President Joko Widodo (Photo: Doc. Antara)

JAKARTA - President Joko Widodo (Jokowi) said Indonesia should be grateful that in the midst of the crisis and recession, economic growth in the second quarter reached 5.44 percent.

Jokowi is also still confident that economic growth can grow above 5 percent in the third quarter of this year.

"Once again, we must be grateful because our economic growth is still at 5.44 percent. And I still believe that in the third quarter we are still growing above 5, or above 5.4", he said at the inauguration of the opening of the Trade Expo Indonesia. 37th, at ICE BSD, Tangerang, Wednesday, 19 October.

Jokowi invites all parties to remain optimistic even though international institutions say that this year's challenges are difficult.

Even so, Jokowi reminded his staff and Indonesian businessmen to remain vigilant.

"So we all must remain optimistic, even though international institutions say that this year is difficult, next year will be dark, please other countries. Our country must remain optimistic, but indeed we must be vigilant, must be careful. Because the storm is difficult It is difficult to calculate, it is difficult to predict, it is difficult to calculate where it will spread, what kind of impact will it have on us", he said.

Jokowi's belief that Indonesia's economic growth is on the right track stems from several things.

First, the trade balance remains in surplus, credit grew 10.7 percent, and the consumer confidence index was still at 124.7 percent.

"Everything is still in good condition. But again, in very, very, very difficult conditions like this, hard work is the key. We can't do it anymore, I repeat, I say, we can no longer work only on macros. No, no. The microwork is still not enough. The work now has to be looked at in more detail one by one and pursued, completed. That's the work the government is currently doing", he said.

On this occasion, Jokowi admitted last week that IMF Managing Director Kristalina Georgieva said dozens of countries were on the verge of a recession at this time.

However, said Jokowi, the IMF said Indonesia was a bright spot in the midst of the gloom of the world economy.

"This is not what we are talking about, you know, IMF Managing Director Kristalina. The bright spot in the midst of the gloom of the world economy, it's good that many people say that. So that global trust in us will get better", he said.