{
    "success": true,
    "data": {
        "id": 1634517,
        "msgid": "rebuking-economists-purbaya-if-you-dont-understand-dont-scare-people-1774439484",
        "date": "2026-03-25 18:15:48",
        "title": "Rebuking Economists, Purbaya: If You Don't Understand, Don't Scare People",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Economy",
        "summary": "Indonesia's Finance Minister Purbaya Yudhi Sadewa has criticised economists for spreading unfounded pessimism about the country's economy, particularly claims that it will collapse in two months due to rising global oil prices from Middle East conflicts. He argued that such predictions ignore proper risk assessments, historical data, and government policies, noting that even the US would struggle with oil at $100 per barrel, let alone $200. Purbaya urged economists to base their analyses on sound calculations or return to school if they lack understanding, emphasising the need to avoid baseless assumptions that alarm the public.",
        "content": "<p>Jakarta, CNBC Indonesia - Finance Minister Purbaya Yudhi Sadewa has\nwarned economists who frequently convey negative sentiments to the\npublic, stating that Indonesia\u2019s economy will collapse without utilising\nclear data and calculations.<\/p>\n<p>\u201cI am not against criticism, that\u2019s fine. But don\u2019t say things like\nthis: in two months, Indonesia\u2019s economy will collapse. It will be in\nrecession,\u201d said Purbaya at his office in Jakarta on Wednesday\n(25\/3\/2026).<\/p>\n<p>According to Purbaya, statements claiming Indonesia\u2019s economy will\ncollapse in the next two months are based on incorrect economic\ncalculations.<\/p>\n<p>He stated that economists predicting Indonesia\u2019s economy will\ncollapse in two months only consider the rise in global oil prices due\nto the conflict in the Middle East.<\/p>\n<p>\u201cThe reason is because oil prices will reach 200 dollars per barrel,\nthe rupiah will be tens of thousands, yes, if that\u2019s the case, if oil\nprices are 200 dollars per barrel, the whole world will be in recession,\nrelax, no need to worry,\u201d said Purbaya.<\/p>\n<p>\u201cSo the assumption is unreasonable. So that\u2019s not a proper\neconomist,\u201d he emphasised.<\/p>\n<p>Purbaya said that if the economist calculates risk factors correctly,\nthey would consider all risk estimates, from historical data to\ngovernment policies that have been made in responding to global\npressures.<\/p>\n<p>\u201cLook at it. Even now, America is already struggling, right? At 100\ndollars there, fuel prices have risen almost 100%, the people are\nstarting to get angry. That\u2019s why Trump\u2019s steps are a bit different,\nright? Could it reach 150? Trump would fall already. It\u2019s not us who\nfall, but there,\u201d explained Purbaya.<\/p>\n<p>\u201cIf we can still maintain it here. So that\u2019s the calculation. If\neconomists are like that, don\u2019t make assumptions. If you don\u2019t\nunderstand, go back to school, especially those professors, they never\nwent to school,\u201d he revealed.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/rebuking-economists-purbaya-if-you-dont-understand-dont-scare-people-1774439484",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}