{
    "success": true,
    "data": {
        "id": 1668109,
        "msgid": "indonesia-downplays-world-bank-growth-cut-to-4-7-per-cent-1775757051",
        "date": "2026-04-10 00:00:24",
        "title": "Indonesia downplays World Bank growth cut to 4.7 per cent",
        "author": "",
        "source": "ANTARA_EN",
        "tags": "",
        "topic": "Economy",
        "summary": "Indonesia's Coordinating Minister for Economic Affairs, Airlangga Hartarto, has downplayed the World Bank's downward revision of the country's 2026 growth forecast to 4.7 per cent, attributing it to global uncertainties such as wars and higher oil prices affecting projections worldwide. He emphasised that the estimate remains optimistic, surpassing the global average of 3.4 per cent and reflecting the resilience of Southeast Asia's largest economy, bolstered by commodity exports and government investments. This stance underscores Indonesia's confidence in achieving better-than-forecast outcomes, as historical trends suggest, amid efforts to sustain domestic demand despite external pressures.",
        "content": "<p>Coordinating Minister for Economic Affairs Airlangga Hartarto said\nthe revision was unsurprising given heightened global uncertainty,\nnoting that similar adjustments have been applied to other countries\nfacing comparable external risks.<\/p>\n<p>\u201cWith the current war situation, they have all lowered projections\nacross various regions,\u201d Airlangga said Thursday at his office in\nJakarta.<\/p>\n<p>He added that the World Bank\u2019s estimate remains relatively\noptimistic, as Indonesia\u2019s projected expansion still exceeds the global\naverage, signaling resilience in Southeast Asia\u2019s largest economy.<\/p>\n<p>\u201cThe figure is still above the global average growth rate of 3.4\npercent. Indonesia remains optimistic, especially as we await\nfirst-quarter 2026 results,\u201d he said.<\/p>\n<p>Airlangga noted the World Bank uses its own methodology in compiling\nprojections, while Indonesia\u2019s government maintains transparency by\nsupplying data without influencing the institution\u2019s independent\nassessment.<\/p>\n<p>Related news: Finance Minister confident Indonesia can defy World\nBank\u2019s growth cut<\/p>\n<p>\u201cOn projections, they have their own calculations. In many cases, our\noutcomes are better than their forecasts, so it is not an issue,\u201d he\nsaid.<\/p>\n<p>In its April 2026 East Asia and Pacific Economic Update, the World\nBank trimmed Indonesia\u2019s growth forecast to 4.7 percent for 2026,\nslightly below its October 2025 estimate of 4.8 percent.<\/p>\n<p>The downgrade reflects external pressures, including higher global\noil prices and rising risk-off sentiment in international financial\nmarkets, which have dampened investor appetite for emerging market\nassets.<\/p>\n<p>Still, the World Bank said Indonesia could offset some of the drag\nthrough commodity export revenues and government-led investment\ninitiatives aimed at sustaining domestic demand.<\/p>\n<p>The report also highlighted Indonesia\u2019s economic buffers,\nparticularly from its commodity sector, which may help cushion the\nnear-term impact of elevated energy costs and global market\nvolatility.<\/p>\n<p>Related news: Indonesia\u2019s economic fundamentals steady despite global\npressures<\/p>\n<p>Translator: Bayu Saputra, Katriana<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/indonesia-downplays-world-bank-growth-cut-to-4-7-per-cent-1775757051",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}