TEMPO.CO, Jakarta - Bank Indonesia (BI) Governor Perry Warjiyo estimates that Indonesia's economic growth will remain strong. In fact, he said, it has the potential to grow higher than previous estimates.

"Supported by increased exports and improving domestic demand, especially private consumption," he said in a press conference at the central bank's headquarters in Central Jakarta on Thursday, February 15.

According to Perry, exports have the potential to perform better than initial forecasts, driven by the positive influence of China's economic recovery. Household consumption is also expected to grow high as economic players' confidence is rising.

Other supporting sentiments include people's increasing mobility following the lifting of PPKM, better investments with improving business prospects, increased inflow of foreign investments, and completion of the ongoing National Strategic Project (PSN).

"For 2023, Bank Indonesia predicts an economic growth that will be on an upward bias in the range of 4.5-5.3 percent," he said.

Throughout the last year, Indonesia posted an overall growth of 5.31 percent (yoy), far above 2021's 3.7 percent (yoy). The highest growth was recorded in the Sulawesi-Maluku-Papua (Sulampua) region, followed by Java, Bali-Nusa Tenggara (Balinusra), Kalimantan and Sumatra.

Moh. Khory Alfarizi

Editor's Choice: Bank Indonesia Confident Over 5 Percent Economic Growth

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