National economic recovery currently underway in Indonesia remains intact given increasing community mobility and amidst geopolitical tensions between Russia and Ukraine. Indonesia has strong GDP, and the growth remains positive in 2022. In terms of spending, the economic recovery in 2022 was driven primarily by household consumption.

Several indicators of economic growth showed continuous recovery in 2022, such as Indonesia Manufacturing PMI, CCI and Retail Sales, The Indonesia Rupiah, The Investment Indonesia.

We continue to improve global perception by improving on governance shown by the Current Account Deficit of GDP, the current trade balance (Net Export remains positive), higher rank on Global Competitiveness Index, Worldwide Governance Indicator, Corruption Perception Index, and sovereign credit rating remains stable amidst of economic recovery.

The Job Creation Omnibus law encourages job creation and entrepreneurship through ease of doing in escalating larger MSEs, protecting worker’s right, and give advantage for public including provision of housing and redistribution. The government ensures that Job Creation Law can be well executed through its implementing regulations.

Another comprehensive policy in smoothing the economy is stabilizing consumption, maintaining investment flow, and bolstering trade activity.