President Jokowi: 2022 Years Of Turbulence, We Can Grow Up To 5.3 Percent

President Joko Widodo (Photo: Capture Youtube screen of the Presidential Secretariat)

JAKARTA - President Joko Widodo (Jokowi) revealed that Indonesia's economic journey in the 2022 period was colored by various uncertain dynamics, especially from external factors.

This is considered to bring its own vulnerabilities to economic resilience, so that the government chooses to take a number of strategic policies, such as adding a subsidy/compensation budget.

Even so, Jokowi considers that RI is able to go through challenges quite nicely.

"Alhamdulillah, our position is quite good with economic growth in 2022, which is estimated to be 5.2 percent to 5.3 percent and this is an achievement," he said at the National Coordination Meeting of Regional Heads throughout Indonesia on Tuesday, January 17.

According to Jokowi, this optimistic attitude is based on the achievement of economic growth in the third quarter of 2022 which can penetrate up to 5.7 percent.

"Comband with other countries. Although we can get through the year of economic turbulence in 2022. Be careful in 2023, this is still a test period for our and global economy," he said.

Therefore, the Head of State urges his staff to always monitor the latest developments by optimizing all resources in order to produce policies that support national economic stability.

"Everyone must work hard, detect information and data in the field so that we are not mistaken in making policies in the field. No matter how small the policy must be based on data and facts on the ground," he stressed.

To note, Indonesia is considered successful in going through a difficult period in 2022 which is filled with uncertainty due to geopolitical factors. This indication is reflected in consistent economic growth above 5 percent from the fourth quarter of 2021 to the last 5.7 percent in the third quarter of 2022.

The government itself believes that the 2022 economy can grow above five percent for the entire year. This condition is in contrast to what happened globally.

According to VOI records, the IMF's international financial institutions continue to project a decline over the global economy. The organization predicts the world's economic growth in 2022 will be 3.2 percent. Meanwhile, for 2023 it fell to 2.5 percent.

Likewise with the World Bank. In the latest release earlier this year, the donor institution has even cut its 2023 projection to 1.7 percent from the previous 3 percent.