{
    "success": true,
    "data": {
        "id": 1721273,
        "msgid": "hippindo-says-q1-economic-surge-supported-by-seasonal-momentum-1778054982",
        "date": "2026-05-06 14:17:51",
        "title": "Hippindo Says Q1 Economic Surge Supported by Seasonal Momentum",
        "author": "Satria K Yudha",
        "source": "REPUBLIKA",
        "tags": "",
        "topic": "Economy",
        "summary": "The Chairman of the Indonesian Retailers and Shopping Centre Tenants Association (Hippindo), Budihardjo Iduansjah, attributes Indonesia's 5.61% economic growth in the first quarter of 2026 to seasonal factors boosting public consumption, particularly due to clustered major holidays from late 2025 into early 2026, including Chinese New Year, Eid al-Fitr, and Nyepi. He also highlights the role of government priority programmes, such as the Merah Putih cooperative initiatives, the MBG (people's kitchen) scheme, and housing developments, in stimulating economic activity and money circulation. However, Budihardjo warns of potential consumption slowdown post-holidays and urges the government to implement further stimulus measures to sustain growth momentum.",
        "content": "<p>The Chairman of the Indonesian Retailers and Shopping Centre Tenants\nAssociation (Hippindo), Budihardjo Iduansjah, believes that Indonesia\u2019s\neconomic growth of 5.61 per cent in the first quarter of 2026 is\ninfluenced by seasonal factors driving public consumption. Economic\nactivity has increased in line with the proximity of several major\nholidays from the end of 2025 to the beginning of this year.<\/p>\n<p>\u201cYes, that\u2019s because there are so many events, from December there is\nChinese New Year, Eid, Nyepi all piling up, so the economic circulation,\nconsumption is running and there is THR,\u201d said Budihardjo when contacted\nby Republika in Jakarta on Wednesday (6\/5\/2026).<\/p>\n<p>Budihardjo explained that, besides seasonal momentum, economic\nmovement is also driven by the implementation of various government\npriority programmes that began operating at the start of the year. The\nimplementation of these programmes is seen as contributing to increased\nmoney circulation in society.<\/p>\n<p>\u201cThat coincides with the government\u2019s stimulus programmes that are\nstarting to move, from the Merah Putih cooperative building things\u2014there\nare tens of thousands, many people working, the kitchen (MBG), and also\nhousing construction,\u201d said Budihardjo.<\/p>\n<p>However, Budihardjo warns of the risk of consumption slowdown after\nthe holiday period ends. According to him, the government needs to\nprepare follow-up steps to maintain the economic growth momentum.<\/p>\n<p>\u201cThat means all programmes are moving, retail is moving, consumption\nis moving. This should be good, but it will be dangerous after this Eid;\nsomething like stimulus or whatever must be done,\u201d said Budihardjo.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/hippindo-says-q1-economic-surge-supported-by-seasonal-momentum-1778054982",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}