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View all search resultsThough the World Bank has downgraded its growth projection for Indonesia due to the economic fallout from the Iran war, a move preceded by a similar revision by the OECD last month, the government insists on the achievability of the state budget target.
At its 2026 economic outlook event on Jan. 15, Kadin cautioned against maintaining last year's budget policy to reduce regional transfers amid current global conditions, as doing so would only hamper local growth and exacerbate weakening demand.
Responding to the various challenges faced by the Indonesian economy, Coordinating Economic Minister Airlangga Hartarto remains optimistic about the resilience of the national economy, hoping that all stakeholders can continue to maximize their contributions to increase growth.
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