{
    "success": true,
    "data": {
        "id": 1666462,
        "msgid": "purbaya-criticises-world-banks-projection-his-major-sin-is-creating-negative-sentiment-1775721060",
        "date": "2026-04-09 14:05:23",
        "title": "Purbaya Criticises World Bank's Projection: His Major Sin is Creating Negative Sentiment",
        "author": "Teuku Muhammad Valdy Arief",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Economy",
        "summary": "Finance Minister Purbaya Yudhi Sadewa has sharply criticised the World Bank's downward revision of Indonesia's 2026 economic growth projection to 4.7 per cent, attributing the forecast to erroneous calculations influenced by high global oil prices and accusing it of fostering negative sentiment. He anticipates the Bank will revise its estimate upwards once oil prices normalise and emphasised the government's commitment to safeguarding economic fundamentals through policy instruments and investment climate improvements. This rebuke highlights ongoing tensions between international forecasts and domestic optimism amid external pressures like oil price volatility.",
        "content": "<p>JAKARTA, KOMPAS.com - Finance Minister Purbaya Yudhi Sadewa has\ncriticised the World Bank\u2019s projection for Indonesia\u2019s economic growth.\nHe considers the calculation to be erroneous and to have triggered\nnegative sentiment towards the national economy. \u201cBut he has already\ncommitted a major sin. He has created negative sentiment towards us.\nI\u2019ll wait for their apology when oil prices return to normal levels. If\nthey change their economic prediction again,\u201d Purbaya said at the\nMinistry of Finance on Thursday (9\/4\/2026). \u201cEven the first quarter\nalone might be 5.6 or more. That means the World Bank is calculating\nthat we are heading for a recession, dropping way below after that,\nright? If the average is 4.6, I think the World Bank has miscalculated,\u201d\nhe stated. The government remains focused on maintaining economic\nfundamentals. Steps are being taken through priority programmes,\nfinancial system stability, and improvements to the investment climate.\nPurbaya suspects the World Bank\u2019s projection is influenced by\nassumptions of high global oil prices. He believes that situation could\nchange. \u201cI\u2019m sure the World Bank calculated that because of the impact\nof high oil prices. If in a month\u2019s time oil prices drop back to normal\nlevels, the World Bank will definitely change its prediction, right?\u201d he\nsaid. He stated that he would await clarification if the projection is\nrevised. The government is said to optimise all policy instruments to\nmaintain growth momentum. \u201cBut I will optimise all the economic engines\nwe have here. That\u2019s it. It\u2019s possible the World Bank is right later.\nBut I don\u2019t know. Clearly, in my figures, it seems to be continuously\nimproving ahead, and we will continue to safeguard it,\u201d Purbaya said.\n\u201cMaybe the World Bank doesn\u2019t yet know my Asian moves, the secret moves\nof Mr Prabowo,\u201d he added. Previously, the World Bank lowered its\nprojection for Indonesia\u2019s economic growth to 4.7 per cent in 2026. This\nfigure is lower than the October 2025 projection of 4.8 per cent. The\nrevision is stated in the April 2026 edition of the East Asia and\nPacific Economic Update report. \u201cIndonesia\u2019s growth is projected to slow\nto 4.7 per cent, due to headwinds from higher oil prices and risk-averse\nsentiment,\u201d the report states. The World Bank assesses that the slowdown\nis triggered by external pressures. The rise in global oil prices and\ninvestor caution sentiment are the main factors.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/purbaya-criticises-world-banks-projection-his-major-sin-is-creating-negative-sentiment-1775721060",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}