Growing, but Fundamental Factors Need to be Fortified
Likewise, the household spending as the main engine of economic growth in terms of expenditure was still overshadowed by increasing inflation. As of July 2022, the inflation rate amounted to 4.94 percent.
JAKARTA, KOMPAS — Indonesia’s economy grew impressively in the second quarter of 2022. However, the economic fundamentals need to be further fortified.
The economic growth seems to be situational and more due to luck. The threat of inflation at the producer and consumer levels continues to overshadow the sustainability of economic recovery.