The Indonesian Chamber of Commerce and Industry (Kadin Indonesia) expressed optimism among business players regarding Indonesia’s economy in 2024, while remaining realistic about ongoing global uncertainties.
Acting Chairman of Kadin Indonesia, Yukki Nugrahawan Hanafi, stated that Kadin, as a partner of the government, remains confident that Indonesia will be able to achieve around 5% economic growth in 2024. The election year is expected to stimulate public spending, which could help support the country’s economic performance.
In addition, the festive holiday seasons, supported by investment activity, are expected to boost purchasing power and contribute positively to Indonesia’s economic growth in 2024. However, business actors remain cautious about the potential impacts of global geopolitical tensions, the El Niño climate phenomenon, and high interest rates on the global economy, including Indonesia.
How do business players view the economic outlook for 2024? For the full discussion, watch the dialogue between Andi Shalini and Acting Chairman of Kadin Indonesia, Yukki Nugrahawan Hanafi, in Power Lunch, CNBC Indonesia (Wednesday, December 27, 2023).
