Jakarta – President Joko "Jokowi" Widodo said Tuesday that everyone must work in concert to maintain Indonesia's economic growth. While macroeconomic policies play a key role, it is important to make sure that the micro policies are also in place.
In a speech delivered at the 2023 BNI Investor Daily Summit, Jokowi brought the forum's attention to the global economic challenges. Indonesia's economic growth remains at around 5 percent. Depreciation of Indonesian rupiah is still within reasonable limits, coupled with inflation that is still under control.
"We need to pay attention to the details and keep an eye on what is happening on the ground. This calls for work at the micro level. We cannot solely rely on macro policies, we have to have a team," Jokowi said.
According to Jokowi, teamwork is needed amidst the uncertain global economic challenges. A well-established team can help Indonesia's development plans go according to plan. Indonesia also already has several strategic plans to develop its economy, including pushing for domestic processing of natural resources for higher added value. In the infrastructure front, Indonesia has also built mass rapid transit (MRT) and light rail transit (LRT).
"The government will also give incentives in the property and housing sector to keep Indonesia's economic momentum," Jokowi said.