DistantNews
Support us
๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia /Economy & Trade

Indonesia's Economic Resilience Tested by Global Turbulence, Formas Dialogue Explores Solutions

From Republika · () Indonesian

Translated from Indonesian, summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • Indonesia faces global economic uncertainty, including geopolitical conflicts and technological disruption.
  • A national dialogue organized by Formas aimed to formulate policy recommendations for the government.
  • The event focused on testing Indonesia's economic resilience amidst global turbulence.

Indonesia's economic resilience is being tested by a turbulent global landscape marked by geopolitical conflicts, technological disruptions, and weakening consumer purchasing power. To address these challenges, the Forum Masyarakat Indonesia Emas (Formas) organized a National Dialogue in Jakarta.

The dialogue, held at Tarumanagara University, focused on formulating concrete policy recommendations for the Indonesian government. Titled "Testing Indonesia's Economic Resilience Amidst Global Turbulence: Resilient or Vulnerable?", the event brought together economists, academics, and business leaders.

Serian Wijatno, Chairman of Formas's Expert Council, likened Indonesia's current economic situation to a ship navigating a storm. He emphasized that these global challenges serve as a real test for national economic resilience. The dialogue was designed to be critical, aiming for realistic and actionable economic policy recommendations rather than mere academic discourse.

Formas Chairman Yohanes Handojo Budhisedjati explained that the initiative was a response to economic instability and rising inflation, which are beginning to trigger recessions in various domestic sectors. The discussions aimed to provide clear guidance for policymakers to navigate the uncertain economic climate.

The sea that never calms never gives birth to a strong sailor.

โ€” Serian WijatnoWijatno used this saying to describe Indonesia's current economic situation amidst global 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.