Jakarta, CNBC Indonesia-UI economist Ninasapti Triaswati is concerned about the decline in the World Bank's expectations, which projects the Indonesian economy in 2024 to fall to 4.9%. Nina said that an election year makes investors tend to wait and see. Government investment is unclear and tends to be small, so that GDP reaching 4.9% is already very high. very good.
Meanwhile, the disbursement of social assistance at the beginning of the year along with the election process will only impact the poor while middle class people will still have difficulties and rely on “savings” so they will be increasingly vulnerable.
What kind of economic pressure is the Indonesian people experiencing? What precautions should the government take? For further details, see Anneke Wijaya's dialogue with University of Indonesia Economist, Ninasapti Triaswati at Power Lunch,CNBCIndonesia (Wednesday, 12/20/2023)