The global economy is currently entering a period of decline. The\ndirection of economic progress is no longer merely uncertain, but has\nbecome entirely unpredictable.<\/p>\n
his was revealed by the Deputy Governor of Bank Indonesia (BI), Filianingsih Hendarta, during the Lampung Financial Festival on Saturday (5\/9\/2026).<\/code><\/pre>\n\u201cIn the past, it was said there was uncertainty, which was manageable\nbecause it could still be estimated, but currently, it is not\nuncertainty but unpredictability,\u201d said Filianingsih.<\/p>\n
She noted that observations regarding the direction of the global\neconomic condition were also raised during the recent G20 forum. The\nprimary cause is the ongoing wars in various parts of the world that\nshow no signs of abating.<\/p>\n
\u201cI have just returned from the G20, where it was stated that the\nworld is not doing well. Global challenges and volatility remain high,\nand the war in the Middle East continues to haunt the global economy,\u201d\nshe remarked.<\/p>\n
According to Filianngsih, when the direction of the global economy\ncan no longer be predicted, no one can estimate when a turning point\ntowards stability might occur.<\/p>\n
\u201cIt cannot be predicted where it is headed; it is like a bajaj in\nJakarta\u2014we do not know if it will turn right or left, only the driver\nand God know,\u201d Filianingsih emphasised.<\/p>\n
Nevertheless, Filianingsih ensured that Bank Indonesia, as the\nmonetary authority mandated by the constitution to maintain the\nstability of the rupiah exchange rate, payment systems, and the\nfinancial system, as well as to encourage growth, will continue to\nnavigate the direction of the Indonesian economy in accordance with\nsustainable growth targets.<\/p>\n
\u201cAt BI, we have the mandate to stabilise the rupiah exchange rate,\npayment systems, and the financial system, as well as to drive economic\ngrowth, and this is what we are doing by implementing our policy mix,\u201d\nshe asserted.<\/p>\n
With economic stability proven to be maintained in the second quarter\nof 2026 with growth of 5.29%, following the growth rate of 5.6% in the\nfirst quarter of 2026, Filianingsih believes that the economy could grow\nup to 5.7% by the end of the year.<\/p>\n
\u201cWe observe and believe that this will continue to increase; growth\nis estimated to be between 4.9% and 5.7% in 2026, while inflation\nremains within Bank Indonesia\u2019s target of 2.5% plus or minus 1%,\u201d said\nFilianingsih.<\/p>",
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