World Bank Highlights Indonesia's Strong Economic Framework and Growth Prospects

Indonesia: Indonesia's economy is projected to remain resilient due to the government's strong macro-economic policy framework which is attracting investment, according to World Bank. The latest World Bank report highlights that prudent and consistent macro-economic policies have underpinned Indonesia's successful economic performance, reflected in declining credit default swap rates and a stable investment grade rating. The Indonesian economy is expected to grow at an average of 5.1% annually from 2024 to 2026, driven by increased public spending, business investment, and stable consumer demand. Despite external challenges, Indonesia's GDP growth remains strong, supported by consumer confidence and public consumption. 

Source: The Investor