According to Tempo, Indonesia media company’s article published on October 17, 2022, Deputy minister of Finance Suahasil Nazara claimed that Indonesia's economy has remained robust after going through a number of crises that started with the Covid-19 pandemic up to the current geopolitical situation that has disrupted the global supply chain.
"I think Indonesia's economy is resilient enough. In the second quarter of 2022, we grew by 5.4 percent and in 2022, we believe it will be above 5 percent, maybe around 5.2 percent," he said in the 100 Years Webinar of Eka Tjipta Widjaja on Monday, October 17, 2022, as reported by Antaranews.
Suahasil stated that one of Indonesia's economic resilience is evident from the growth that exceeds 5 percent in the first and second quarters, while at the same time a number of countries were actually under pressure due to the wars in Ukraine and Russia as well as the pandemic.
The deputy minister still believes that Indonesia’s economic growth will meet its 5.2 percent goal in 2022 with a relatively maintained inflation that is currently around 5.95 percent amidst the fuel price increase.
Despite his optimism, Suahasil underlined that Indonesia must remain vigilant considering that what happened in the past two and a half years of this pandemic left a scarring effect on the economy from the supply side.
Prices of oil, coal, food, corn, soybeans, crude palm oil (CPO), and various other commodities rose and fell very quickly as a result of rising inflation in various countries.
