World Bank predicts Indonesia's economy to maintain 5.1% annual growth from 2024-2026, driven by public spending, business investment, and consumer demand.
The World Bank predicts Indonesia's economy will maintain steady annual growth of 5.1% from 2024 to 2026, driven by increased public spending, rising business investment, and consistent consumer demand. Despite challenges such as declining commodity booms, fluctuating food and energy prices, and geopolitical uncertainties, Indonesia's strong macroeconomic policy framework is expected to attract investment and maintain economic stability. The World Bank's report identifies four key structural challenges Indonesia must address to sustain and enhance its economic growth, including rising concentration in manufacturing, regional income disparities, weaker wage growth, and limited geographic labor mobility.
June 24, 2024
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