Indonesia president says economy remains strong, probability of recession only 1.5%

Published Wed, Feb 28, 2024 · 12:25 PM

INDONESIA’S President Joko Widodo said on Wednesday (Feb 28) the economy remains strong despite global risks and the probability of the country falling into recession is only 1.5 per cent.

Jokowi, as the president is known, was speaking at an event with the country’s military and police in Jakarta.

“We should be grateful that Indonesia’s probability is at 1.5 per cent, we must maintain it,” he said.

Jokowi also said Indonesia must be vigilant over geopolitical tensions that have affected global supply chains and caused food prices to rise.

Indonesia aims to book 5.2 per cent economic growth in 2024, higher than the 5.05 per cent growth of last year. REUTERS

KEYWORDS IN THIS ARTICLE

READ MORE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here