Economic dynamics in political years have the same pattern. Institutional consumption rises. Meanwhile government investment fell.
Audio BeritaPlease note that this article was automatically translated using Microsoft Azure AI, Open AI, and Google Translation AI. We cannot ensure that the entire content is translated accurately. If you spot any errors or inconsistencies, contact us atThe following article was translated using both Microsoft Azure Open AI and Google Translation AI. The original article can be found in
On the other hand, based on historical data, elections lead to a slowdown in government spending on physical investments. This is indicated by the realization of Gross Fixed Capital Formation , which is not very conclusive during political years. The Indonesian economy has risen from the post-pandemic slump. After contracting by 2.1 percent in the first year of the pandemic in 2020, Indonesia's economy grew by 5.3 percent in 2022. Now, the upcoming general election in 2024 looms over growth in 2023.Prabowo Subianto , Anies Baswedan , and Ganjar Pranowo gave a statement to the press after meeting and having lunch with President Joko Widodo at the Merdeka Palace in Jakarta, Monday .
"The issues of global economy and geopolitics make investments expensive as they cannot yield the most efficient results. Moreover, due to the issue of climate change, investments will also become more expensive as they have to adopt or adapt to climate change. Due to these aspects, investments will significantly shrink, and the supply of investments to developing countries will also be disrupted," he explained.
"We strongly desire that Indonesia's economic policies, including during political years, can be established in a professional manner through a good policy-making process, with a comprehensive and transparent economic impact evaluation. This way, Indonesia's business climate or investment and economic competitiveness landscape will have a high level of certainty and predictability," he/she hoped.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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