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Jokowi’s second term: economic challenges and outlook

By Siwage Dharma Negara

After winning the 2019 election, President Joko ‘Jokowi’ Widodo’s has a great opportunity to bring the Indonesian economy into a stronger footing.

Jokowi’s economic policies achieved mixed outcomes in his first term (2014–2019). He hasn’t delivered a promised 7% economic growth, but steady 5% growth is perceived as a commendable achievement, given slowing global growth, rising uncertainties, and low commodity prices. Macroeconomic stability has been well maintained, and Indonesia’s creditworthiness has improved during this first term.