Indonesia's Economy Stays Strong Amid Global Headwinds Thanks to Robust Domestic Demand

Indonesia's economy grew over 5% for 7 straight quarters thanks to resilient domestic demand.
Finance Minister Sri Mulyani Indrawati says Indonesia is "relatively lucky" compared to global economic weakness.
Household consumption rose 5.23% in Q2 2022, driving growth along with rising incomes and low inflation.
Fiscal deficit contained at 2.3% of GDP this year, lower than pandemic-era legal limit of 3%.
Supply issues largely drove global inflation, which Indonesia addressed, optimistic for 2024 outlook.

forbes.com

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Posted 9/11/2023, 9:20:52 AM