The Executive Director of the Communication Department of Bank Indonesia (BI), Erwin Haryono, stated that Indonesia's economic growth remains strong, supported by the increasing domestic demand and positive export performance. Private consumption is predicted to be stronger due to the continuous increase in mobility, improving consumer confidence, and increasing purchasing power, along with a decrease in inflation. Investment activities continue, especially non-building investments.
Export performance remains positive, with non-oil and gas exports growing high until March 2023, supported by exports of coal, electric machinery, and motor vehicles, among others. China, the US, and Japan are the main contributors to non-oil and gas exports, while the manufacturing, trade, information, and communication sectors are expected to have strong growth. Consumption has increased in almost all regions, followed by high export performance in the Sulawesi-Maluku-Papua (Sulampua) region. Erwin stated that with these developments, economic growth in 2023 is predicted to be biased upwards in the projected range of 4.5-5.3%.
