The International Monetary Fund (IMF) has projected Indonesia's economic growth as one of the most solid amidst global slowdown. In its April 2023 edition of the World Economic Outlook, the IMF has revised Indonesia's economic growth from 4.8 percent to 5 percent (2023) and further improved to 5.1 percent (2024). Meanwhile, the IMF has predicted that the global economy will slow down to 2.8 percent in 2023, then improve to 3 percent in 2024, citing financial sector turbulence in the United States and Europe, as well as persistent high inflation pressures as factors affecting the global economic outlook.

Despite global uncertainties, the Indonesian government, through the Ministry of Finance, is committed to maintaining the momentum of economic recovery and stability. Efforts to control inflation and keep it at a moderate level are considered crucial to sustain the economic recovery and purchasing power of the people. The government's fiscal policy has aimed at prudently yet supportively strengthening the economic foundations, with a fiscal deficit below 3 percent of GDP in 2022, a year ahead of the initial plan, demonstrating caution and credibility in the face of increased global risks. The national budget continues to prioritize vital areas such as human resources development, social protection strengthening, infrastructure acceleration, fiscal decentralization effectiveness improvement, and bureaucratic reforms.

Source:
https://www.pajak.com/ekonomi/imf-pertumbuhan-ekonomi-indonesia-paling-solid/amp/