Indonesia Central Bank Sees 2022 Q4 GDP Growth at 4.81%

ECONOMIC GROWTH - JAKARTA. Indonesia's economic growth in the fourth quarter of 2022 may have slowed to 4.81% on a yearly basis, from 5.72% in the previous three months, according to a presentation made by central bank governor Perry Warjiyo on Tuesday.

Bank Indonesia (BI) expected full-year 2022 economic growth to be at 5.25% and for 2023 growth to slow to 5.03%, his presentation slide for a forum with provincial governments showed.

"Our projection for 2023 ... could be higher than the numbers I showed," he said, referring to his slide.

"Nationally, we predict growth could reach 5.2%," Warjiyo said, adding that local governments must support sectors that are key to boosting growth.

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