In Jakarta (Photo: AFP) Jakarta (VNA) - The International Monetary Fund (IMF) has revised up its outlook on Indonesia’s economic growth despite the fund projecting much lower figures for the global economy amid prolonged economic uncertainty and geopolitical strains.
According to the IMF’s World Economic Outlook report in April, Indonesia’s GDP growth could reach 5% this year, or 0.2 percentage points higher than the fund’s January report.
Faisal Rachman, economist at state-owned lender Bank Mandiri, said the fund’s more optimistic outlook for Indonesia was due to the country’s solid domestic economy. This would allow the economy to remain resilient in 2023 despite flagging global growth.
Despite the stellar outlook, Faisal expects that Indonesia’s GDP growth this year will be lower than last year with the figure sliding to 5.04% from the previous 5.31%./.
