But Prabowo’s administration

But Prabowo’s administration faces four key economic challenges that threaten Indonesia’s 2025 growth targets. These include weakening consumer spending, slower export growth, rising fiscal pressures and slow progress on reforms. First, Indonesia struggles with weak domestic consumption. Household spending, the traditional backbone of Indonesia’s economy, declined in 2024 as incomes stagnated and the job market worsened. Government assistance like cash transfers and subsidies provide limited relief, particularly to middle and aspiring middle-class households. Despite headline inflation showing a declining trend, higher food prices caused many households to feel the pinch. สล็อตเว็บตรง