Govt eyes 5.7% growth on holiday spending

Govt eyes 5.7% growth on holiday spending

The Star Online - Business·2026-03-24 08:00

JAKARTA: The government projects sustained economic resilience in the first quarter (1Q) on expanded growth from 5.5% to 5.7% due to increased spending over the Hari Raya Aidilfitri holiday, despite mounting global pressures.

Finance Minister Purbaya Yudhi Sadewa said on Saturday that the economy could grow this year between 5.6% and 5.7%, supported by strong household consumption during the holiday season and broader resilience of domestic demand amid external uncertainties.

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