The projection of economic growth provides an idea of how much the percentage of the value of goods and services produced in one country for a certain period in 2024 itself, indonesia’s economic growth is predicted to be in the range of 4.7% to 5.5%, some of the things that support the Indonesian economic organization in 2024 include the ease of movement of people after the covid 19 pandemic facilitates the movement of community operations that directly encourage economic activity, especially in the tourism, transportation and trade sectors which had stagnated due to large social restrictions that caused limited community Movement, government infrastructure spending that extends the government of Indonesia increases the spending Quora in order to expand infrastructure development and social programs to encourage the movement of the country’s economic growth, global economic recovery in the countries of Indonesia’s main trading partners has the potential to increase export demand leading to domestic economic growth
The positive impact of economic growth that provides direct benefits to the state along with increasing community Income economic organizations directly drive the increase in community income which directly affects the increase in people’s purchasing power which ultimately makes economic equality , creating jobs company income growth motivates companies to do business expansion as well as investment which leads to the creation of wider job opportunities, increased welfare, increased income and employment opportunities lead to quality of life and welfare of the community increasing evenly.
economic improvement is not only influenced by the community but also global economic conditions that change such as commodity price fluctuations and national trade dynamics that affect indonesia’s economic performance in the eyes of the World, fiscal and fiscal policies made by the government also have a direct impact on economic activity, interest rates also have a large share in the growth of perbanakan income inclusion, reasonable interest rates are also a motivation for outside investors to invest their money in companies in indonesia, high inflation can reduce people’s purchasing power, people prefer to save their money instead of buying goods that can indirectly affect the purchasing power of economic movements in Indonesia,
In addition to external factors, Bank Indonesia also has a role in controlling economic growth, playing a key role in controlling economic growth with monetary policies such as regulating interest rates through adjustments to Bank Indonesia’s benchmark interest rates that affect the level of public consumption and investment from outside the country to participate in the economy in indonesia, controlling money with open market operations and other instruments, bank indonesia can control liquidity to maintain prices and encourage sustainable economic growth
In addition to the role of stakeholders, community contributions also affect economic growth by increasing productivity through increasing skills, increasing consumption of local products and services helps communities support local business growth, investing in unique instruments to develop entrepreneurs to develop their businesses, high economic growth does not always cause inflation, Bank Indonesia is given the mandate to maintain price stability with a sound monetary policy so that high economic growth does not always cause inflation. As a person we can also help planning economic growth with personal financial plans such as investment strategies in accordance with economic growth when the company’s stock price falls that’s the right time to enter the stock market with the risk of stock value continues to decline even bangkurt, but if the company is able to rise and start grow when the economy improves, it can be ascertained that the value of the company rises and we can get results from the investment of course with the level of risk according to each individual