World Bank Cuts Indonesia's Projection, Airlangga: Still Above Global Average

JAKARTA - The World Bank has lowered its projection for Indonesia’s economic growth to 4.7% in 2026. This figure is lower than the October 2025 projection of 4.8%.

Coordinating Minister for the Economy Airlangga Hartarto assesses that the downward projection is occurring in many countries. This condition is influenced by the weakening global situation.

“Yes, various situations with wars, right? They (the World Bank) are all lowering (predictions) in various regions. But if we look at the figures, they are still above the global average growth. The global average growth is 3.4%,” said Airlangga when met at the Coordinating Ministry for the Economy office on Thursday (9/4/2026).

Nevertheless, he assesses that this condition will not significantly hinder Indonesia’s economic performance. The national economic growth is still seen as having the opportunity to be higher than the global average.

The government also remains optimistic about domestic performance. The first quarter 2026 growth results are assessed as an initial indicator of the economy’s direction throughout the year.

“But for Indonesia itself, we are optimistic, because later in the quarter, just see what the results are like,” he said.

Airlangga stated that projections from international institutions are the result of their respective analyses. These results do not always reflect actual conditions.

“Yes, projections are their (World Bank’s) own estimates. But in various matters, we often achieve better results than their predictions,” he said.

“We also don’t need interventions,” he added.

Communication with international institutions continues to run. The government remains coordinating with the World Bank and other institutions.

Policy focus is directed towards domestic economic stability. The government is also promoting growth through various strategic steps to keep economic performance stable amid global uncertainties.