TheJakartaPost
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After “greedynomics”, a new label has entered Indonesia’s political–economic vocabulary: “Prabowonomics”. The term made its global debut at the World Economic Forum, where President Prabowo Subianto presented it as the guiding framework for Indonesia’s economic trajectory. While narratives can be curated for international audiences, economic outcomes cannot be scripted. The central question is therefore not how persuasive the narrative sounds, but whether Prabowonomics reflects genuine structural progress or merely repackages ambition and political symbolism in the absence of measurable results.
The year is already so jarring that many in markets barely have time to digest one seismic news event from Washington before another one hits. But a dollar risk premium appears to be rebuilding regardless, most clearly in last week's sudden swoon.
The government has set a 6 percent growth target for 2026, banking on accelerated public spending and tighter fiscal-monetary coordination to generate momentum, in line with President Prabowo Subianto’s ambition to lift economic expansion to 8 percent by the end of his term in 2029. The challenge, however, lies less in ambition than in execution: whether these policy tools can deliver real growth in an economy where household demand remains fragile and investment responses uneven.
