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21 Mar 2024

International Economy

Policy directions of the new Indonesian President to commence in October 2024 (Current Issue No.3473)

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Policy directions of the new Indonesian President to commence in October 2024

  • Indonesia’s election commission announced the official election results on March 20, 2024, confirming Mr. Prabowo Subianto as the new President of Indonesia.
  • Under the new president’s administration, the economic policy will aim for a growth target of 8 percent – which would be the highest growth in nearly three decades.
  • KResearch holds the view that the Indonesian economy is expected to maintain growth of around 5 percent in 2024, driven by the current leader’s measures focusing on investment and consumption.

International Economy