Indonesia Bets Stimulus Can Drive Growth to Three-Year High
Workers pull trolleys of goods along the street of a wholesale market in Jakarta.
Photographer: Juni Kriswanto/AFP/Getty ImagesIndonesia is optimistic that billions of dollars of stimulus spending will drive economic growth to its fastest pace in three years, reversing a slowdown in the latest quarter.
Gross domestic product growth is on track to reach the government’s 5.2% goal for 2025, supported by programs such as cash aid and affordable home loans, Coordinating Economic Minister Airlangga Hartarto told reporters in Jakarta on Wednesday.