-- Indonesia's Finance Minister Purbaya Yudhi Sadewa criticized the World Bank's decision to cut its 2026 growth forecast for the country to 4.7%, saying the estimate was inaccurate and could weigh on market sentiment, Jakarta Globe reported Thursday.
He said the projection does not align with domestic indicators and may lead to misperceptions about Indonesia's economic outlook. Purbaya pointed to first-quarter 2026 growth expectations of 5.5% to 5.6%, arguing this suggests the full-year forecast is pessimistic, the report said.
He rejected the implication of a sharp slowdown in subsequent quarters, citing stronger domestic momentum and ongoing policy support. The minister also said higher oil prices contributed to the downgrade, adding that the outlook could improve if energy costs stabilize, the news outlet reported.
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