Eight Percent Economic Growth Target Could Be Dangerous
Monday, May 27, 2024
An overly ambitious growth target could trap Indonesia’s economy, leading the government to adopt misguided and hazardous policies.
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PRESIDENT-ELECT Prabowo Subianto harbors a grand ambition: Indonesia’s economy to grow by eight percent annually, or even beyond. Speaking at the Qatar Economic Forum two weeks ago, Prabowo confidently asserted that he could achieve this target within the next two to three years. However, the latest economic data published just before the long holiday last week suggests that Prabowo might need to reconsider his ambitious target.
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