{
    "success": true,
    "data": {
        "id": 1732757,
        "msgid": "indef-high-economic-growth-not-yet-felt-in-peoples-lives-1778555665",
        "date": "2026-05-12 07:18:00",
        "title": "INDEF: High Economic Growth Not Yet Felt in People's Lives",
        "author": "Sakina Rakhma Diah Setiawan",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Economy",
        "summary": "The Institute for Development of Economics and Finance (INDEF) highlights a perceived contradiction between Indonesia's 5.61% economic growth in the first quarter of 2026 and the everyday economic realities faced by the public, describing it as \"artificial\" growth primarily driven by massive government spending rather than broad-based welfare improvements. Key concerns include a weakening rupiah, rising unemployment, fleeing foreign investors, and high commodity prices, leading netizens to label it \"infusion growth\" due to the 21.81% year-on-year surge in government expenditure. This analysis underscores the risk of latent dangers in such growth narratives, as they fail to \"touch the grassroots\" and may exacerbate public dissatisfaction.",
        "content": "<p>JAKARTA, KOMPAS.com - The Institute for Development of Economics and\nFinance (INDEF) states that the public perceives a contradiction between\nthe economic growth figure of 5.61 per cent in the first quarter of 2026\nand the economic reality they face. This means that Indonesia\u2019s\nfirst-quarter 2026 economic growth figure is seen by the public as not\nyet felt in daily life or not grounded in reality. From INDEF\u2019s\nanalysis, the public feels that the economic growth in the first quarter\nof 2026 is more influenced by government injections and has not truly\nreached the grassroots. \u201cBe cautious in this regard, meaning that this\ngrowth narrative should not hide a latent danger that, in quotes, is not\nwidely known by the public,\u201d he said during the Public Discussion on\nMaintaining the Stamina of Indonesia\u2019s Economic Growth, on Monday\n(11\/5\/2026). He added that there are five main topics that are the\nreasons why the first-quarter 2026 economic growth is considered\nillusory. He explained that some points of concern include high\ngovernment spending, a weakening rupiah value, unemployment, fleeing\nforeign investors, and expensive goods prices. Wahyu said that netizens\nconsider this as illusory growth because it is more supported or\ninjected by massive government spending rather than an even increase in\npublic welfare. Wahyu revealed that the public calls the first-quarter\n2026 economic growth \u201cinfusion growth\u201d. \u201cThis means the public is also\naware that the 5.61 per cent figure is injected by government spending\nthat surged by 21.81 per cent year-on-year,\u201d he said. Meanwhile, the\nrupiah exchange rate is instead in a weakening trend amid high economic\ngrowth. This weakening rupiah condition is often interpreted by the\npublic as accompanying unemployment levels. \u201cBecause the weakening\nrupiah condition is also often associated by the public with price\nincreases,\u201d he added.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/indef-high-economic-growth-not-yet-felt-in-peoples-lives-1778555665",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}