The comments came as protests over rising costs and inequality escalated over the weekend, resulting in at least five deaths and widespread damage to buildings and infrastructure across major cities. Despite the unrest, Southeast Asia’s biggest economy reported a monthly trade surplus of US$4.17 billion in July, exceeding expectations. Additionally, headline and core inflation slowed in August.
Indonesia is able to hit its annual growth target despite recent protests and riots, as the government pledges to continue its stimulus spending policy, according to the chief economy minister.
“Our economic growth is still on a positive track,” Coordinating Minister for Economic Affairs Airlangga Hartarto said on Monday, reiterating an estimated growth range of 5%-5.2% this year. He also urged businesses and investors to stay calm and optimistic.
