
Indonesia successfully increased its economic growth by 5,44% in quarter II-2022 year on year, as stated by the Central Bureau of Statistics. This growth was driven more by public consumption which rose by 5,51%. It was caused by the Eid moments and the new academic year’s preparation. Although it significantly increased, we must pay attention to the external factors that can lead to Indonesia’s economic growth.
The Minister of Finance, Sri Mulyani, warned us about 4 factors that we should be aware of. The first factor is the economies of influential countries, because it will affect Indonesia’s economy. The second factor is global geopolitics and war issues that are difficult to predict.
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Furthermore, we must be aware of climate change since many countries are suffering from drought. Sri Mulyani reminded us to not take climate change lightly. The last factor is digital technology, which requires our concern about global dynamics and their impact.
Luhut Binsar Pandjaitan, the Coordinating Minister for Maritime Affairs and Investment, said that this situation isn’t easy to pass due to the Russia vs Ukraine war, COVID-19 pandemic, and China’s lockdown which had a major impact on the world economy. However, Luhut also stated that Indonesia’s economic growth compared to other countries is among the best