Indonesian Growth Goals Remain Elusive Despite Some Successes

• Candidates for Indonesian president have been promising 7% GDP growth for 20 years, but it has remained around 5%

• Outgoing president Jokowi has had some economic successes like infrastructure investment and promoting nickel exports

• However, protectionist trade policies undermine foreign investment outside of nickel and EVs

• Indonesia risks missing opportunities in growing industries like renewable energy and electronics

• Without effective economic reforms, Indonesia may struggle to reach 7% growth as its population ages