Kadin: Indonesia's economy will grow 5.5 percent in 2024

The economy of Indonesia is predicted to grow above 5 percent in 2024.

The Indonesian economy in 2024 will still show good and convincing performance in 2024. A number of groups stated that the Indonesian economy could grow above five percent in that political year.

Acting General Chairperson of the Indonesian Chamber of Commerce and Industry (Kadin) Yukki Nugrahawan Hanafi believes that Indonesia's economic will grow by 5.5 percent in 2024. Kadin is focused on implementing business programs and initiatives that have been carried out since 2023.

Deputy Chairperson for Maritime Affairs, Investment and Foreign Affairs of the Indonesian Chamber of Commerce and Industry Shinta Widjaja Kamdani hopes for political stability this election year. According to him, in the short term, elections can contribute to economic growth in line with the tendency to increase public consumption.

Scroll untuk membaca

In the long term, the business world is watching and hoping for political stability to hold peaceful elections. Kadin is committed to neutrality in elections.

As the main parent organization for entrepreneurs in Indonesia, Kadin focuses on economic growth and ensuring stable economic conditions.

The National Research and Innovation Agency (BRIN) projects Indonesia's economic growth rate at 4.9 percent to 5.2 percent in 2024.

Head of BRIN's Center for Macroeconomic and Financial Research, Zamroni Salim, is optimistic that there will be no significant economic shocks next year. "Now economic growth in 2023 is in the range of 5.0 percent to 5.1 percent. This means that if our predictions at the upper limit come true, then there will be improvement," said Zamroni.