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Indonesia is predicted to be the fifth-largest economy in 2024; perseverance in 2020 is key
Based on World Bank and IMF data (Gross Domestic Product-Purchasing Power Parity data), in 2024 Indonesia is predicted to become the country with the 5th largest economy in the world.
Source: Press Release for Indonesia Projections 2024 - Fiscal policy Agency Ministry of Finance
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The Financial Services Authority (OJK) Assesses That the Stability of The National Financial Services Sector is Maintained, Supported by Strong Capital and Adequate Liquidity
As reported by a Press Release by the Financial Services Authority (OJK) Sector on December 4 2023..
Source: Press Release the Financial Services Authority (OJK)What we do
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The Financial Services Authority (OJK) Assesses That the Stability of The National Financial Services Sector is Maintained, Supported by Strong Capital and Adequate Liquidity
The Financial Services Authority (OJK) reported that the national financial services sector maintained resilience and stability despite global economic uncertainty. The US economy remained resilient, while Europe experienced a decline in economic growth. China's recovery momentum is moderate, with inflation entering the deflation zone and external performance contracting. Indonesia's economy grew positively in Q2 2023, but consumer optimism, core inflation, and commodity price declines have put pressure on its external performance. These economic dynamics have led to weakening global financial markets, increased market volatility, and outflows from emerging market financial markets. OJK will monitor financial sector developments and coordinate with government, Bank Indonesia, and LPS to support sustainable economic growth.
source: Press Release the Financial Services Authority (OJK)