North Sumatra Investment Book

B BANK INDONESIA BANK SENTRAL REPUBLIK INDONESIA B OUTLOOK OF DOMESTIC ECONOMY REMAINS SOLID IN 2023 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, therefore, is confident that inflation will remain under control in the 3.0%±1% target this year and 2.5%±1% in 2024. Bank Indonesia projects Balance of Payment (BOP) performance in 2023 to remain sound, supported by a manageable current account maintained in the range of a 0.4% surplus to a 0.4% deficit of GDP. Bank Indonesia projects credit growth in 2023 will grow by 9.0-11.0%. Economic Growth ih Inflation 2018 Realization 5.17% 3.13% CAD (% of GDP) Credit Growth 2.98% 11.75% 2019 Realization 5.02% 2.72% 2.71% 6.08% 2020 Realization -2.07% 1.68% 0.40% -2.40% 2021 Realization 3.69% 1.87% Surplus 0.30% 5.24% 2022 Realization 5.31% 5.51% Surplus 1.00% 11.35% Projection 2023 4.50%-5.30% 3.0±1% Surplus 0.40% - Deficit 0.40% 9%-11% Source: Bank Indonesia (proceed) North Sumatra Investment Book 7

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