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๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia /Economy & Trade

Economy Under Pressure from Global Situation, INDEF Suggests Government Improve Domestic Policy

From Republika · () Indonesian

Translated from Indonesian, summarized and contextualized by DistantNews.

At a glance

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  • Indonesia's economy faces significant pressure from the global economic situation, according to INDEF.
  • The Institute for Development of Economics and Finance (INDEF) advises the government to improve domestic policies.
  • INDEF recommends fiscal flexibility and stability to mitigate global economic impacts.

Indonesia's economy is grappling with mounting pressure stemming from the volatile global economic landscape, according to the Institute for Development of Economics and Finance (INDEF). The institute is urging the Indonesian government to promptly reassess and enhance its domestic policies to better navigate these external challenges. INDEF specifically points to the need for improved coordination and effectiveness in policies that are currently overlapping, potentially hindering economic resilience.

INDEF's recommendations center on bolstering fiscal flexibility and ensuring greater stability within the national economic framework. These measures are seen as crucial for cushioning the blow of global economic downturns and fostering a more robust domestic economic environment. The institute believes that strengthening internal economic management is key to withstanding international turbulence.

DistantNews Editorial

Originally published by Republika in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.