“Our economic fundamentals remain solid. We recorded growth of 5.11 percent last year and are targeting 5.4 percent in 2026,” he said, citing stable inflation, strong domestic consumption, and sound financing conditions.
Speaking at the Bank Indonesia headquarters in Jakarta on Monday, Hartarto said the economy was projected to grow at least 5.5 percent in the first quarter, with inflation at 3.48 percent and the consumer confidence index at 122.9.
He noted that household consumption contributes about 54 percent of gross domestic product (GDP), remaining the main driver of the economy.
Hartarto also said Indonesia has recorded a trade surplus for 70 consecutive months, totaling 148.2 billion U.S. dollars.
He added that the country’s debt-to-GDP ratio stands at a relatively low 29.9 percent, with domestic investors holding 87.4 percent of government securities.
According to Hartarto, several international institutions share a positive outlook on Indonesia’s economy.
The International Monetary Fund has described Indonesia as a “bright spot” in Asia, while the Asian Development Bank projects growth of around 5.2 percent in 2026.
“Several institutions estimate Indonesia’s recession probability at below five percent, lower than that of the United States, Japan, and Canada. The global community still views Indonesia as a resilient economy,” he said.
He also noted that Indonesia remains relatively resilient to global energy supply disruptions linked to rising security tensions in the Middle East, as the country is less dependent on energy imports from the region compared with some other Asian economies.
Hartarto said the government must continue strengthening cross-sector coordination to safeguard economic stability and maintain growth momentum.
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Translator: Aria A, Tegar Nurfitra
Editor: Primayanti
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