The Coordinating Minister for Economic Affairs is optimistic that Indonesia's economic growth in the first quarter of 2024 will exceed 5%. He stated that Indonesia's economic target for 2024 is 5.2% growth. The target for this year so far is 5.2%. Of course, the government hopes that the figure for Q1 2024 will be quite good, but it is awaiting the official results from the Central Statistics Agency (BPS). It is expected that Q1 economic growth will surpass 5%.
He emphasized that Indonesia's economic fundamentals are relatively solid. Meanwhile, the rupiah exchange rate has depreciated by 5.16% year-to-date to IDR 16,235 per USD. However, the rupiah's position is better than that of other countries' currencies, such as the New Taiwan dollar (down 5.95%), the South Korean won (down 6.62%), the Thai baht (down 7.78%), and the Japanese yen (down 8.83%). In addition, Indonesia's trade balance in March 2024 continued its streak of 47 consecutive months of surplus. In March 2024, the trade balance remained in surplus at USD 4.47 billion.
The Coordinating Minister for Economic Affairs is optimistic that Indonesia's economic growth in the first quarter of 2024 will exceed 5%. He stated that Indonesia's economic target for 2024 is 5.2% growth. The target for this year so far is 5.2%. Of course, the government hopes that the figure for Q1 2024 will be quite good, but it is awaiting the official results from the Central Statistics Agency (BPS). It is expected that Q1 economic growth will surpass 5%.
He emphasized that Indonesia's economic fundamentals are relatively solid. Meanwhile, the rupiah exchange rate has depreciated by 5.16% year-to-date to IDR 16,235 per USD. However, the rupiah's position is better than that of other countries' currencies, such as the New Taiwan dollar (down 5.95%), the South Korean won (down 6.62%), the Thai baht (down 7.78%), and the Japanese yen (down 8.83%). In addition, Indonesia's trade balance in March 2024 continued its streak of 47 consecutive months of surplus. In March 2024, the trade balance remained in surplus at USD 4.47 billion.
