{
    "success": true,
    "data": {
        "id": 1821787,
        "msgid": "indonesia-fortunate-to-have-solid-economy-consumer-spending-proves-saviour-1782305510",
        "date": "2026-06-24 18:40:38",
        "title": "Indonesia Fortunate to Have Solid Economy, Consumer Spending Proves Saviour",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Economy",
        "summary": "Bank Indonesia's Senior Deputy Governor Destry Damayanti stated that Indonesia is fortunate to possess a solid domestic economy, primarily driven by resilient household consumption. This strong consumer spending, which accounted for over half of GDP in the first quarter of 2026, serves as a crucial buffer against escalating global uncertainties, including the Iran-US conflict and rising oil prices.",
        "content": "<p>Senior Deputy Governor of Bank Indonesia Destry Damayanti has stated\nthat Indonesia is fortunate to have a solid economy, supported by strong\ndomestic consumption amidst global turmoil. Indonesia\u2019s economy grew by\n5.61% in the first quarter of 2026, primarily driven by a 5.52% increase\nin consumer spending, which accounts for 54.36% of GDP. According to\nDestry, this is a key asset for Indonesia in facing global economic\nupheaval. \u201cWe are fortunate to have a relatively solid domestic economy\ncompared to other countries. This is proven by our economic growth in\nthe first quarter, which was an impressive 5.6%, while other nations are\nstill struggling,\u201d she told CNBC Indonesia. \u201cWe are fortunate that\nconsumer spending, which supports our GDP, can remain resilient in these\nconditions,\u201d she added. She considers this resilient household\nconsumption a major factor in Indonesia\u2019s potential to continue\nattracting investors to inject capital domestically, despite high\neconomic uncertainty caused by conflicts in various regions. For\ninstance, the uncertainty triggered by the closure of the Strait of\nHormuz, a vital global oil distribution route, as a result of the war in\nthe Middle East between Iran and the United States. This disruption has\nalready caused world crude oil prices to surge past US$100 per barrel,\nand global inflation is expected to rise. Therefore, Destry said Bank\nIndonesia continues to strive to maintain Indonesia\u2019s external\nresilience to safeguard this domestic growth engine. One such effort is\nthrough the monetary policy of raising the BI Rate. If external shocks\nare not anticipated, the impact could reduce people\u2019s purchasing power,\nespecially due to declining export growth and significant pressure on\nthe rupiah exchange rate against the US dollar. \u201cSo this certainly also\nwarrants our vigilance because it will eventually be reflected in rising\ninflation. That is why we previously raised interest rates as a\nstabilisation measure for the rupiah, and also as a forward-looking step\nto keep inflation in check,\u201d Destry asserted.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/indonesia-fortunate-to-have-solid-economy-consumer-spending-proves-saviour-1782305510",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}