Indonesia’s economy is expected to increase by 5 per cent in 2024 and 2025

A business district in Jakarta, Indonesia, on Jan 5, 2020. Indonesia's economy has been growing at 5.5 per cent a year or less since 2014. PHOTO: EPA-EFE. Sketched by the Pan Pacific Agency.
JAKARTA, Apr 26, 2024, Xinhua. Indonesia’s economy is expected to increase by 5 percent in 2024 and 2025, primarily coming from domestic private consumption and investment, according to Asian Development Bank (ADB) projections, Xinhua reported.
“The combination of strong private consumption, public infrastructure spending and increased investment will maintain gross domestic product growth rates,” said ADB Chief Economist Albert Park on Friday.