Airlangga & Purbaya United Against World Bank, Confident in\nIndonesia\u2019s Resilient Economy<\/p>\n
Jakarta, CNBC Indonesia - The World Bank projects Indonesia\u2019s\neconomic growth to slow to 4.7% in 2026. This figure is lower than the\nprevious projection of 4.8% and the 2026 state budget target.<\/p>\n
Quoted from the East Asia and Pacific Economic Update April 2026\nedition released a few days ago (9\/4\/2026), the World Bank states that\ngrowth in the East Asia and Pacific (EAP) region will slow in 2026 due\nto external shocks, including the war in the Middle East and rising fuel\nprices triggered by those tensions.<\/p>\n
Coordinating Minister for the Economy Airlangga Hartarto understands\nthat the war situation and uncertainties have led the World Bank to\nlower growth projections for various countries, including Indonesia.<\/p>\n
However, he remains optimistic that Indonesia\u2019s economy will still\nthrive in 2026. This statement contrasts with the World Bank\u2019s forecast,\nwhich sees Indonesia\u2019s economy slowing. Airlangga is optimistic that\nIndonesia\u2019s economy in 2026 will grow at the same level or higher than\n5.4%.<\/p>\n
\u201cFor the first quarter, we are optimistic it will be greater than or\nequal to 5.5%. Then, by the end of the year, greater than or equal to\n5.4%, in line with the state budget estimate,\u201d he said, quoted on Friday\n(8\/4\/2026).<\/p>\n
However, he does not rule out the possibility of adjustments,\ndepending on global dynamics.<\/p>\n
\u201cAll of this still depends on whether the geopolitical situation\nremains stable or not. Currently, we are in a state of war, and in two\nweeks, there will certainly be dynamics. So, we continue to adjust to\nthe existing dynamics,\u201d Airlangga emphasised.<\/p>\n
Meanwhile, Finance Minister Purbaya Yudhi Sadewa responded more\nsharply to the World Bank\u2019s projection. Purbaya believes the World Bank\nmay have miscalculated. For the first quarter of 2026 alone, Indonesia\u2019s\neconomic growth is predicted to reach 5.5%.<\/p>\n
\u201cThe first trimester could be 5.5%, 5.6% or more. That means the\nWorld Bank is calculating that we are heading for a recession, dropping\nvery low, and then averaging 4.6%. I think the World Bank\nmiscalculated,\u201d Purbaya told reporters at his office in Central Jakarta\non Thursday (9\/4\/2026).<\/p>\n
According to Purbaya, the World Bank\u2019s projection is influenced by\nglobal oil price increases and the war in the Middle East. He is\nconfident that the World Bank\u2019s projection will be revised again if the\nsituation returns to normal.<\/p>\n
Nevertheless, Purbaya considers the World Bank to have committed a\ngrave sin by creating negative sentiment for Indonesia.<\/p>\n
\u201cIf in a month from now the oil price drops back to normal levels,\nthe World Bank will surely change its prediction. But it has already\ncommitted a grave sin; it has caused negative sentiment towards us. I\nwill wait for their apology when the oil price returns to normal levels,\nif they change their economic prediction again,\u201d Purbaya emphasised.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/airlangga-and-purbaya-united-against-world-bank-confident-in-indonesias-resilient-economy-1775789448", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }