Jakarta (ANTARA) - Indonesian Finance Minister Sri Mulyani highlighted that Indonesia was able to show good progress amid the weakening economies of other countries due to the global situation.ccording to the minister, the good progress is reflected in the economic growth of 5.17 percent recorded in the second quarter of 2023. "This is a very good achievement, at a time when many other countries are experiencing an economic slowdown," she tweeted on her official Instagram account @smindrawati as quoted in Jakarta on Tuesday. Moreover, this achievement helped Indonesia to maintain an economic growth of above five percent for seven consecutive quarters, she pointed out. The minister then drew attention to various factors that contributed to the achievement of Indonesia's economic growth, with the first being, high household consumption growth of up to 5.23 percent (year-on-year/yoy). She affirmed that this achievement is one of the government's successes in reducing inflation that ultimately maintained the people's purchasing power and consumer confidence. In addition, Eid al-Fitr and Holiday Allowances (THR) also contributed to growth in household consumption, she highlighted. Next is investment strengthening that grew 4.63 percent yoy, she stated.

Source: Antara News Agency