PHINTRACO SEKURITAS (AT)

-13 November 2024-

Indonesia’s economy has shown a solid recovery, with GDP growth observed across spending sectors. This reflects resilience and a balanced approach to economic recovery.

Household consumption remains a primary driver of economic growth, contributing steadily to domestic demand and encouraging broader sectoral gains.

Business conditions have improved, seen in positive consumer confidence and absolute sales indices, creating a supportive environment for local and international investments.

Indicators such as decreasing poverty and unemployment rates and improvements in income distribution suggest gradual progress in the quality of life for many Indonesians.

The government has set an optimistic economic growth target of 5.20% for 2025, with strong domestic consumption expected to play a central role in achieving this goal.

Prabowo-Gibran administration intends to prioritize human resource development, emphasizing educational improvement, vocational training, and digital skills to strengthen workforce readiness.

Bank Indonesia is expected to continue with flexible monetary policies, which may include easing measures, to help sustain economic growth amid global uncertainties.

IHSG targeted 8698 in 2025: Considering the various opportunities and challenges faced in 2025.

Sectoral Coverage: Banking, Cement, Metal & Mining, Food & Beverage, Poultry, Properties & Real estate, Telecommunication, and Tower.

By PHINTRACO SEKURITAS | Research
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