Jakarta: President Joko “Jokowi” Widodo revealed that Indonesia's economic growth is ranked in the top 3 in G20. The group represent 85 percent of the global Gross Domestic Product (GDP) and two-thirds of the world's population.
"In the G20, Indonesia's economic growth is in the 3rd position. So we need to be thankful," the president said in the opening of the 2019 Kompas 100 CEO Forum at the Grand Ballroom of the Ritz Carlton Hotel, Jakarta on Thursday, November 28, 2019.
Jokowi revealed that Indonesia is only behind India and China. This means that Indonesia's economic growth is still good amid the global slowdown.
"We must continue to spread this sense of optimism," he said.
According to him, many countries grew stagnant and even experienced a recession due to trade wars, geopolitical competitions. However, Indonesia can deal with this blow by strengthening fiscal conditions and maintaining domestic consumption.
"If we focus on facing internal challenges, we are optimistic that our economic growth will get better," Jokowi explained.
"I think our economic growth this year might reach 5.04 percent or 5.05 percent," he concluded.
The G20 members consist of the United States, Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, The United Kingdom, and the European Union.