Indonesia's 2020 Economic Projection Shows Only 4.8% Growth
- A Small Font
- A Medium Font
- A Bigger Font
The Institute for Development Economics and Finance (Indef) projects Indonesia's economic growth at only 4.8% in 2020. This figure falls significantly short of the 5.3% target set by the government in the 2020 State Budget (APBN). Indonesia's economic growth in 2020 will continue to face challenges in trade, investment, and consumption.
In addition to economic growth, Indef also projects Indonesian inflation at 3.25%. Indef warns that, without accompanying increases in economic growth, low inflation indicates equally low purchasing power. Further projections include an exchange rate of Rp 14,500 per US dollar and a world oil price of US$65 per barrel. A slowing global economy and geopolitical tensions will put downward pressure on energy prices.
The open unemployment rate (TPT) is projected at 5.1%. This unemployment is driven by a slowdown in the trade sector, potentially reducing job creation. Furthermore, investment realization has been increasingly insufficient in absorbing labor. Finally, the poverty rate is projected at 9.1%.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
Related Data
Latest Data Stories
Trending Topics
Popular Data