logo Kompas.id
EnglishIndonesian Economy Shines in...

Indonesian Economy Shines in the Dark

We must not let our guard down or feel complacent. The government, together with the monetary authorities, need to prepare a contingency plan if the threat of global uncertainty hits Indonesia.

· 8 minutes read

The ghost of a recession, which has been talked a lot about by many economists, is actually moving further away from Indonesia.

The encouraging sign can be seen from the latest data on economic growth which has continued to improve over the past year. Statistics Indonesia (BPS) recently reported a gross domestic product (GDP) growth rate of 5.7 percent year-on-year (yoy) in the third quarter of 2022, so for three consecutive quarters the economy continued to grow. The numbers also showed an upward trend: 5.01 percent in the first quarter, 5.44 percent in the second quarter and 6.72 percent in the third quarter.

Logo Kompas
Logo iosLogo android
Kantor Redaksi
Menara Kompas Lantai 5, Jalan Palmerah Selatan 21, Jakarta Pusat, DKI Jakarta, Indonesia, 10270.
+6221 5347 710
+6221 5347 720
+6221 5347 730
+6221 530 2200
Kantor Iklan
Menara Kompas Lantai 2, Jalan Palmerah Selatan 21, Jakarta Pusat, DKI Jakarta, Indonesia, 10270.
+6221 8062 6699
Layanan Pelanggan
Kompas Kring
+6221 2567 6000