2023: Year of Economic Resilience Test for Indonesia

2023: Year of Economic Resilience Test for Indonesia

Indonesia’s economy in 2022 is fairly strong and stable during the issue of global recession and crisis that hit some countries, including several developed countries. However, 2023 is a real test for the Indonesia’s economic resilience. This was conveyed by President Joko Widodo (Jokowi).

“In 2023 is a year of examination for our global economy and our economy. It must remain careful in being vigilant,” Jokowi said at the opening of the IDX trade in 2023, Monday (2/1/2023).

Jokowi also reminded that global uncertainty is difficult to calculate because this year is year of economic resilience for Indonesia. He also hopes that the Indonesian economy can continue with a 5% growth this year.

“We hope our economy will grow above 5%. If in 2022 it is certain that it is above 5%, but we hope that in 2023 it is still above 5%,” he said.

Then, President Jokowi stressed the performance of the Indonesian stock market which posted a market capitalization growth of 15% to Rp 9,499 trillion amid global economic turbulence last year was an extraordinary achievement.

He also invited all parties to be grateful for the achievements throughout 2022. Furthermore, he reminded us that all parties are optimistic and vigilant this year. The reason is, uncertainty will still overshadow this year.

Furthermore, today’s stock market is reopened lower in the red zone. The Composite Stock Price Index (CSPI) began 2023 weakened at the level of 6,842.1 with a drop of 8.51 points or 0.12%. JCI today moves in the range of 6,836 – 6,850.

As many as 182.73 million shares have been traded in the early minutes, with a trade value of Rp 81.7 billion and the frequency of trade only reached 17,655 transactions. A total of 162 traded shares recorded an increase, 101 corrected shares, and 238 stagnant shares.

Chairman of the Financial Services Authority (OJK) Mahendra Siregar revealed, last year’s stock market was quite passionate about experiencing a daily frequency increase of 1.31 million times and became the largest in ASEAN.

Mahendra revealed, the number of capital market investors has also increased by 10.3 million, which means 10 times or 1000% in the last 5 years since 2017. According to him, the priority is to fill an empty glass from the Indonesian population.

“Already 10.3 million (investors) as well but only 4% of the national population, the market has contributed to GDP, but it is still lagging behind other ASEAN countries,” he said at the opening of the Indonesia Stock Exchange Trade (IDX), Monday (2/1/1/ ).