JAKARTA — Indonesian Finance Minister Sri Mulyani Indrawati has expressed confidence that the country’s economy will grow by up to 5 per cent in 2025, despite the International Monetary Fund (IMF) having revised down its growth forecast for Indonesia to 4.7 per cent.

As reported by the daily online English-language newspaper Jakarta Globe, speaking after the second quarterly meeting of the Financial System Stability Committee (KSSK), the minister said the IMF’s latest projection was below its previous one of 5.1 per cent. She noted the downward revision is milder compared to other trade-dependent countries like Thailand, Việt Nam, and the Philippines.

To address risks, she said the government is strengthening its domestic economic foundation through a mix of fiscal and monetary coordination.

Export performance, particularly in palm oil, steel, and electrical machinery, showed improvement in March, helping to balance weaker commodity prices, she said. Meanwhile, authorities are actively exploring new markets, including within ASEAN Plus 3, BRICS, and Europe, to counter the impact of US trade barriers. — VNA/VNS