Jokowi's Failure to Boost Economic Growth in His First Term
- A Small Font
- A Medium Font
- A Bigger Font
President Joko Widodo's (Jokowi's) first term in office is nearing its end. Several successes have drawn attention, as have his failures. One of his failures is that President Jokowi did not succeed in achieving the economic growth targets and promises he made during the 2014 campaign.
The target outlined in the National Medium-Term Development Plan (RPJMN) 2015-2019 was for continuous economic growth. Starting in 2015, economic growth was targeted at 5.7 percent. The peak of economic growth in 2019 was targeted at 8 percent.
In reality, economic growth for five consecutive years did not reach the target. The government stated that this was due to the failure of international commodity prices to rise as expected when Jokowi took office.
"The economic growth target averaging 7%, even 8% in 2019, was perhaps too high considering the dynamics of the global economy," said the Minister of National Development Planning/Head of the National Development Planning Agency (Bappenas), Bambang Brodjonegoro, at the Presidential Office, Jakarta, Thursday (3/10).
"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