Antara News·Indonesia·Friday, November 13, 2026 at 11:30 AM UTC

Indonesia targets 5.45 percent growth on robust economic fundamentals

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Muhammad Harianto, Yashinta Difa

Jakarta (ANTARA) - Coordinating Minister for Economic Affairs Airlangga Hartarto emphasized that Indonesia’s macroeconomic fundamentals remain exceptionally robust, expressing strong confidence that the government’s full-year economic growth target of 5.45 percent is achievable.

Speaking at a press conference in Jakarta on Friday, Airlangga noted that the national economy expanded by 5.47 percent in the third quarter, serving as a primary catalyst for the 5.45 percent annual projection.

"We grew by 5.47 percent in the third quarter. Consequently, we expect to reach 5.45 percent growth by the end of the year," Airlangga stated.

The statement followed a diplomatic breakfast session jointly hosted with the Indonesian Chamber of Commerce and Industry (Kadin), which brought together foreign ambassadors and diplomatic officials to review national economic progress.

Airlangga highlighted that President Prabowo Subianto has instructed officials to consistently reassure the public and international partners that domestic economic conditions remain solid despite recent domestic political developments.

Highlighting the drivers of national resilience, Airlangga pointed to several stellar macroeconomic indicators.

First, inflation has been maintained at a relatively low 3.23 percent by international standards, remaining well within government budget assumptions.

Second, investment realization reached approximately 75 percent, totaling Rp1,539 trillion (approximately US$84.56 billion) through the third quarter, serving as a vital engine for sustained growth.

Third, foreign exchange reserves are held at a secure level of US$146.8 billion, complemented by a sustained trade surplus.

Finally, manufacturing activity saw the Purchasing Managers' Index (PMI) climb to 54, signaling continued expansion in the manufacturing sector and robust business confidence.

With key economic barometers showing steady improvement, Airlangga expressed confidence that the administration's growth goals will be realized.

"God willing, that target will be achieved," he concluded.

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