QNB affirms Indonesia's economy remains on solid growth foundations

Doha: QNB said that Indonesia s economy continues to rest on solid growth foundations, despite global challenges and volatility that could lead to a s...

Doha: QNB said that Indonesia’s economy continues to rest on solid growth foundations, despite global challenges and volatility that could lead to a slowdown.

The bank pointed out that resilient domestic consumption, expansionary monetary policies, and ongoing momentum in infrastructure and capital spending projects are the main supportive factors contributing to maintaining stable growth in the face of these headwinds.

The bank’s weekly report noted that Indonesia has delivered exceptional economic growth and stability over recent decades.

From 2000 to 2024, the Indonesian economy recorded an average growth rate of 5%, a strong achievement for the world’s fourth most populous country, especially considering major challenges such as the global financial crisis and the COVID-19 pandemic.

The report also noted that economic activity began to slow down toward the end of last year, affected by uncertainty following the presidential elections, a decline in commodity prices, and monetary tightening.