Market Chatter: Indonesia Government Targets 5.7% GDP Growth in Q2
The Indonesian government is looking to grow its second quarter GDP to 5.7%, The Jakarta Post reported Monday."We will give the economy a push" to achieve the target growth, Finance Minister Purbaya Yudhi Sadewa said while speaking at a media briefing April 24 , according to the report.He added that a focus on expedited government spending and enhanced budget management may also be used to support the growth.An increase of over the usual 5% will be pushed despite adverse external conditions amid the ongoing Middle East conflict.GDP growth in the first quarter is also expected to surpass 5% due to a surge in consumer spending in Ramadan and Eid ul Fitr Holidays, and a base effect as the Q1 GDP in 2025 was relatively low.Statistics Indonesia (BPS) will announce Q1 GDP next week, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)