Public Policy Charter: Optimism Regarding the Next Year's Economic Conditions Continues to Decline

Public optimism regarding the economic conditions in the next year continues to decline. This is based on the results of a survey by the Charta Politika Indonesia Institute, released on Monday, April 25, 2022.

In the November 2021 survey, the level of public optimism towards economic conditions in the coming year reached 72.9%. This figure was the highest in the last two years.

In January 2022, public optimism decreased to 67.3%. Public optimism declined again in February and April, with percentages of 62% and 59.6%, respectively.

Nevertheless, the level of public optimism in April 2022 was still higher than the period from May 2020 to January 2021, as shown in the graph.

In the same survey, respondents' assessment of the current economic conditions was also considered poor.

It was recorded that only 32.1% of respondents stated that the current economic conditions were good (very good and good) in April 2022. This percentage decreased compared to the previous survey result of 39.3%.

Charta Politika also revealed that out of the four areas surveyed—the economic sector, law enforcement, corruption eradication, and democratic practices—respondents' assessment showed the highest decline in the assessment of economic conditions. Other areas remained relatively stable compared to the previous survey.

This survey was conducted from April 10-17, 2022, through direct face-to-face interviews. The sample size was 1,220 respondents spread across 34 provinces.

The method used was multistage random sampling with a margin of error of approximately 2.83% at a 95% confidence level.

(Also Read: Consumer Confidence Weakens, but Remains Optimistic in March 2022)