{
    "success": true,
    "data": {
        "id": 1720439,
        "msgid": "indonesias-economy-grows-5-61-purbaya-references-curse-airlangga-says-it-exceeds-expectations-1778028971",
        "date": "2026-05-06 06:51:22",
        "title": "Indonesia's Economy Grows 5.61%: Purbaya References Curse, Airlangga Says It Exceeds Expectations",
        "author": "Erlangga Djumena",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Economy",
        "summary": "Indonesia's economy expanded by 5.61% in the first quarter of 2026, surpassing expectations and breaking the so-called \"5% growth curse,\" according to Finance Minister Purbaya Yudhi Sadewa. Coordinating Minister for the Economy Airlangga Hartarto highlighted that this performance outpaced forecasts from various institutions and outperformed several G20 nations, driven by household consumption, government spending, and seasonal factors like Ramadan and Eid al-Fitr. The government plans to sustain this momentum through stimuli such as electric vehicle incentives amid ongoing global uncertainties.",
        "content": "<p>JAKARTA, KOMPAS.com - Indonesia\u2019s economic performance in early 2026\nis assessed as showing strong signals amid global uncertainties.<\/p>\n<p>The government states that the 5.61% economic growth in the first\nquarter of 2026 is a key milestone, not only exceeding expectations but\nalso marking an acceleration from previous growth trends.<\/p>\n<p>Finance Minister Purbaya Yudhi Sadewa expressed relief after the\nofficial data was released. He described the achievement as an\nindication that the national economy is beginning to emerge from the\nstagnation pattern around 5%.<\/p>\n<p>\u201cIt is clear that we can break free from the curse of 5% economic\ngrowth. We are moving towards faster growth,\u201d said Purbaya during the\nAPBN KiTa Press Conference at the Ministry of Finance on (5\/5\/2026).<\/p>\n<p>However, after the data was announced by the Central Statistics\nAgency, he expressed satisfaction with the results.<\/p>\n<p>Nevertheless, Purbaya remains cautious about future challenges,\nparticularly due to the global conditions that have not fully\nrecovered.<\/p>\n<p>\u201cAll engines or export-oriented companies that can still export will\nbe supported to be more competitive globally,\u201d he explained.<\/p>\n<p>As a follow-up measure, the government is preparing various stimuli\nto maintain the growth momentum, including developing electric vehicle\n(EV) incentives to strengthen domestic consumption while promoting\nindustrial transformation.<\/p>\n<p>On the other hand, Coordinating Minister for the Economy Airlangga\nHartarto emphasised that the achievement exceeds expectations from\nvarious institutions and is higher than that of several G20 member\ncountries.<\/p>\n<p>\u201cIndonesia\u2019s economy is growing well beyond expectations from various\ninstitutions, where in the first quarter our economic growth reached\n5.61%,\u201d said Airlangga during the Q1 2026 GDP Growth Press Conference at\nthe Coordinating Ministry for the Economy on Tuesday (5\/5\/2026).<\/p>\n<p>He explained that the growth was driven by a combination of fiscal\npolicies and seasonal momentum such as Ramadan and Eid al-Fitr.<\/p>\n<p>Household consumption grew by 5.52%, while government spending surged\nby 21.81% or approximately Rp 815 trillion.<\/p>\n<p>Stimuli such as the disbursement of Eid al-Fitr allowances (THR)\namounting to Rp 51.65 trillion and transportation fare discounts also\nserved as major driving factors for economic activity in the early\nyear.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/indonesias-economy-grows-5-61-purbaya-references-curse-airlangga-says-it-exceeds-expectations-1778028971",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}