Indonesian economy to grow 5.1 per cent backed by spending before election

Image from Bernama/Antara.

JAKARTA, Nov 3 (Bernama-Antara): Indonesia's gross domestic product is expected to grow 5.0-5.1 per cent year on year at 2023-end, supported by factors, including spending before 2024 General Elections, an economist of the University of Indonesia Teuku Riefky stated.

"The elections in the next few months will have an impact on sectoral economic activity because it will increase activity in the public administration sector due to increased social spending as well as the completion of infrastructure and national strategic projects," Riefky remarked.