Government, economists see Indonesian economy as resilient

The government and economists say Indonesia's economy remains fairly strong amid global pressure and a weakening rupiah. On June 6, State Secretary Minister Prasetyo Hadi called for intensive coordination among stakeholders so macro and fiscal policies reinforce each other. Bank Permata Chief Economist Josua Pardede said the current situation is more a phase of global adjustment than a crisis signal like 1998. He pointed to still-growing household consumption, contained inflation, a healthy banking sector and the APBN continuing to serve as a buffer. In financial markets, foreign capital flows into Surat Berharga Negara also remained positive. A day earlier, Purbaya Yudhi Sadewa said consumer spending remained solid, with the Mandiri Spending Index for May at 123.2 and sales of cars, motorcycles and cement rising in April 2026.