Jokowi says successor must adopt his reforms to reach 7% growth

Indonesian President Joko Widodo speaking to journalists at the launch of of Southeast Asia’s first ever high-speed rail in Padalarang, West Java on Oct 2, 2023. - Reuters

JAKARTA (Bloomberg): Indonesia’s outgoing President Joko Widodo said Southeast Asia’s largest economy can attain its fastest expansion in three decades under the next leader, who will build on the reforms he’s trying to cement.

Jokowi, as the president is known, forecasts 6% to 7% gross domestic product growth by 2027 to 2028 as the country reaps the benefits of his policies that include an aggressive infrastructure rollout and the push for onshore processing of mineral resources. The top end of the annual forecast would be the fastest pace since 1996, according to compiled data.