Purbaya Affirms Indonesia's Economy is Far from Crisis, Evidence is Traffic Jams and Bustling Shopping by Citizens

The government has affirmed that Indonesia’s economy is currently on a solid growth path. Amid lingering global pressures, the domestic economy is assessed to remain expansive and shows no signs of heading towards a crisis.

This was stated by Finance Minister Purbaya Yudhi Sadewa. He said that various economic indicators demonstrate positive performance.

One highlighted indicator is the strong purchasing power of the public, particularly during the recent Eid al-Fitr period.

“Who says crisis? Just last Eid, right? Everywhere was jammed, people were shopping in all places,” Purbaya said at the Ministry of Finance office in Jakarta on Friday, 27 March 2026.

“That means purchasing power is there, and if we look at the indicators, our economy is indeed moving faster,” he added.

He explained that the increase in public consumption activity is an important signal that the economy is still moving. Additionally, several other indicators such as consumer surveys, manufacturing PMI index, and vehicle sales also show strengthening trends.

“I see from consumer surveys, PMI surveys, car and motorcycle purchase surveys. They say all are up, fast, right? If those don’t rise, I can’t say the economy is up,” he said.

Furthermore, the government is said to have managed to control the impact from external turbulences, including the rise in global oil prices. Through the State Revenue and Expenditure Budget (APBN) policy, global pressures are assessed not to directly burden the public.

Purbaya added that Indonesia’s economic prospects ahead still show a direction of expansion in the coming years. He is optimistic that this growth trend can continue until the end of the decade.

“So we are far from crisis, we are even continuously expanding. If it’s the crystal ball I’m talking about, our leading economic index is not wrong until 2029-2030 we will continue to expand,” he stated.

In fact, according to him, several economists outside the government also provide quite optimistic projections for Indonesia’s economic growth. In uncertain global conditions, growth above 5 per cent is considered very good.

“I asked people outside the government, what’s your prediction? 5.7 per cent is possible, they say. In my opinion, above 5.5 per cent is already good in the current conditions,” he added.