Investor Presentaiton
B BANK INDONESIA
BANK SENTRAL REPUBLIK INDONESIA
B
OUTLOOK OF DOMESTIC ECONOMY REMAINS ROBUST IN 2023
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2023 Economic Outlook
Bank Indonesia projects economic growth in 2023 continue to accelerate to the range of 4.5-5.3% in 2023.
Bank Indonesia is confident core inflation will remain at the 3.0%±1% target during the first semester of 2023 and CPI
inflation will return to the 3.0%±1% target in the second semester of 2023.
Bank Indonesia projects BOP outlook for 2023 is good, with a manageable current account maintained in the range of
0.4% of GDP surplus to a 0.4% of GDP deficit.
Bank Indonesia projects credit growth in 2023 will accelerate to 10.0-12.0%.
Economic Growth
ih
Inflation
2018
Realization
5.17%
3.13%
CAD (% of GDP)
Credit Growth
2.98%
11.75%
2019
5.02%
2.72%
2.71%
6.08%
Realization
2020
Realization
-2.07%
1.68%
0.40%
-2.40%
2021
Realization
3.69%
1.87%
0.30%
5.24%
2022
Realization
5.31%
5.51%
1.00%
11.35%
Projection
2023
4.50%-5.30%
3.0±1%
Surplus 0.40% -
Deficit 0.40%
10% -12%
Source: Bank Indonesia (proceed)
North Sumatra Investment Book
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