Indonesia President Sees Economic Growth of 5.3%, Higher Than G20 Countries

TheIndonesia.co - Indonesia President, Joko Widodo, said the economy is expected to record a growth of 5.2 percent for last year. 

He believed that the government's Gross Domestic Product (GDP) growth target for this year is 5.3 percent. He added that Indonesia's GDP was the highest compared to other G20 member countries, making the country becomes the strongest. 

He said that in the third quarter of 2022, Indonesia's economy had shown a positive indication of 5.72 percent. Likewise with controlled inflation at 5.5 percent.

"I estimate the economic growth is at 5.3 (percent). If it (Indonesia) compares with other big G20 countries, as I recall, we are number one or two," Jokowi said during the National Chinese New Year event at Banteng Field Park, Central Jakarta, Sunday, January 29th.

To boost national economic growth, Jokowi asked the people to work together to help each other. Big entrepreneurs must help Micro, Small, and Medium Enterprises.

"Everything is partnering, partnerships go hand in hand. Don't forget during the pandemic period we collaborate to help each other. If we can do it back then, we also can do it now. By helping each other, our economic condition will grow." 

The growth of Indonesia's economy currently is in line with the people's way of life, in which the community restriction (PPKM) is being removed. 

President Jokowi was relieved because he didn't decide the country to be on lockdown. Otherwise, the impact on the economy would be worse now. 

"If I decided to lockdown the country, our economic growth would be minus 17 at that time. To return it to normal would be very difficult, just like most countries in Europe," he concluded.