08:21 Video RI's Economic Capital Faces the Effects of High Interest Rates Until H2-2024 My Money – 3 days ago

Jakarta, CNBC Indonesia- According to Head of Macroeconomics & Financial Research at BSI, Kahfi Riza, the Indonesian economy in 2023 will be relatively stable, supported by solid fundamentals.

One of the Indonesian economic indicators is consumer confidence, which is still optimistic about the Indonesian economy and the start of the rise in the House Price Index at 196% will support the increase in consumer credit. Meanwhile on the supply side, Manufacturing PMI is still at an expansion level of 51.7 in November 2023.

Kahfi also sees a number of economic challenges and boosters that RI needs to maintain the economy above 5% in 2024. Low inflation, a stable exchange rate and the outlook for increasing credit distribution by up to 9-10% can support the Indonesian economy. So what will Indonesia's economic prospects and challenges be like in 2024?

For further details, see Andi Shalini's dialogue with the Head of Macroeconomics & Financial Research PT Bank Syariah Indonesia Tbk (BRIS)Kahfi Riza in Power Lunch,CNBCIndonesia (Friday, 22/12/2023)

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