Indonesia president says economy remains strong, probability of recession only 1.5%
Add BT as a preferred source
INDONESIA’S President Joko Widodo said on Wednesday (Feb 28) the economy remains strong despite global risks and the probability of the country falling into recession is only 1.5 per cent.
Jokowi, as the president is known, was speaking at an event with the country’s military and police in Jakarta.
“We should be grateful that Indonesia’s probability is at 1.5 per cent, we must maintain it,” he said.
Jokowi also said Indonesia must be vigilant over geopolitical tensions that have affected global supply chains and caused food prices to rise.
Indonesia aims to book 5.2 per cent economic growth in 2024, higher than the 5.05 per cent growth of last year. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Wealth of Singapore’s 50 richest diverges as OCBC, Sheng Siong boom offsets tech slide
Massive tax bill clouds sale of Singapore land by Malaysian king’s son
Canada’s fight with the US has far bigger stakes than trade
What’s luck got to do with it? Everything, says Malaysian jewellery king Tomei’s chief
