Moody's projects that Indonesia's average economic growth in 2024-2025 will remain at its pre-pandemic level of around 5 percent. This average is higher than that of other Baa-rated countries, at 3.0 percent.
With renewed inflationary pressures on the horizon, the prolonged high-interest-rate regime is expected to persist, sparking concerns about its ramifications on global demand and industrial performance.
The government and Bank Indonesia are devising strategies to prevent further rupiah depreciation, including expanding currency swap agreements with countries that supply raw materials for domestic industry.
The government anticipates a potential 50 percent surge in energy subsidies, which would pose significant fiscal risks in light of the Iran-Israel conflict.
The uncertainties surrounding Indonesia's upcoming government have added to the volatility of Indonesia's financial market. Information regarding budgets and the next finance minister has been released to calm the market.
The Attorney General's Office interrogates Robert as a witness in the alleged mega-corruption of tin. He is a figure who has repeatedly come to light due to his ties with police officials, including a police general close to PDI-P's Chair Megawati.
Foreign investors' ownership of rupiah-denominated government bonds dropped post-election amidst fears that policies under a Prabowo-Gibran administration could result in budgetary overspending.
