Indonesia financial regulators assess geopolitical risks, impact to economy

INDONESIA’S economic growth likely slowed slightly to 5 per cent in the second quarter, its finance minister said on Friday, though she said authorities are monitoring geopolitical developments that could affect the domestic economy.

Minister Sri Mulyani Indrawati said household consumption, investment and improving exports had likely driven growth in the April-June quarter.

In a joint press conference with other regulators, she said financial authorities discussed geopolitical developments to anticipate risks that could affect Indonesia’s economy, including tensions in the Middle East, the war in Ukraine and elections in other countries.

For all of 2024, Indonesia’s economic growth is expected to be within a range of 5 per cent to 5.2 per cent. REUTERS