October 27, 2025 | 06:08 pm
TEMPO.CO, Jakarta - Citi Indonesia’s Chief Economist Helmi Arman projects Indonesia’s economy to grow around 5 percent in 2025, with momentum expected to dip in the third quarter before recovering toward the end of the year.
Helmi said export performance remains strong in the third quarter, but domestic consumption is showing signs of weakness amid declining consumer sentiment.
“Domestic consumption may be slightly weaker because consumer confidence has dropped since September,” Helmi said during the Citi Data Centre Day event at The Langham, Jakarta, on Monday, October 27, 2025.
According to Bank Indonesia’s Consumer Confidence Index (CCI), consumer optimism in September 2025 fell to 115, down from 117.2 in August.
Helmi expects economic growth to strengthen in the fourth quarter, supported by a rise in government spending and the rollout of fiscal stimulus programs.
He noted that the government has already injected several stimulus packages this year, and faster disbursement is expected to reduce idle funds and accelerate state expenditure.
Although Helmi did not provide detailed projections for the coming quarters, he estimated that third-quarter growth would slightly exceed 5 percent.
Data from the Central Statistics Agency (BPS) showed that the economy grew 4.87 percent in the first quarter and 5.12 percent in the second quarter of 2025.
Meanwhile, Finance Minister Purbaya Yudhi Sadewa said the government is taking steps to stimulate the real sector by injecting Rp200 trillion of state funds into banks to improve liquidity. He believes the measure could lift growth to around 5.5 percent in the final quarter of the year.
“I told investors that this liquidity injection alone should be enough to push growth above 5.5 percent in the fourth quarter, possibly even higher,” Purbaya said after a meeting with state bond investors at the Directorate General of Taxes Office in Jakarta on Monday, October 13, 2025.
Editor’s Choice: Finance Minister Purbaya Warns of Blacklist for Illegal Thrift Importers
Click here to get the latest news updates from Tempo on Google News
Citi: AI Could Boost Global Banking Profits by US$2 Trillion
8 menit lalu
Citi Indonesia CEO Batara Sianturi believes that using AI can enhance productivity and efficiency within the company.
Indonesia's Bengkulu Coffee Secures US$1 Million Export Contract
1 hari lalu
The head of Bank Indonesia's Bengkulu branch expressed pride in the quality of Bengkulu's coffee and its recent success in securing an export deal.
Industry Ministry Claims Indonesia Is One of the World's Most Efficient Textile Producers
2 hari lalu
Minister Agus said this achievement signifies that Indonesian textile products have a competitive and sustainable position in the global market.
How the Cesium-137 Shrimp Contamination Case Could Harm Indonesia's Export Reputation
5 hari lalu
Cesium-137 contamination in exported shrimp could damage the reputation of other seafood products, such as tuna, crab, and seaweed.
Home Affairs Minister Highlights Slow Economic Growth in Indonesia's Mining Regions
7 hari lalu
The Ministry of Home Affairs highlights the slow economic growth in several mining regions due to export delays caused by incomplete smelter construction.
Indonesia's Manufacturing Industry Grows 4.94%, Says Minister
7 hari lalu
Minister of Industry Agus Gumiwang Kartasasmita stated that the manufacturing industry grew by 4.94 percent from the fourth quarter of 2024 to the second quarter of 2025.
Indonesian Shrimp Exports to US Resume Following FDA Dispensation
7 hari lalu
The US Food and Drug Administration (FDA) has allowed thousands of Indonesian shrimp containers to enter the US market.
Public Losses from Financial Scams Reach Rp7 Trillion, OJK Reports
8 hari lalu
As of October 16, 2025, OJK recorded 299,237 received reports and 487,378 reported accounts.
Industry Ministry: Indonesia Has Not Yet Fully Optimized the ASEAN Market Potential
11 hari lalu
With a population of around 693 million people in Southeast Asia, it is highly possible to boost the Indonesian economy.
Airlangga Claims Prabowo's First Year Brings Stable Economic Growth Amid Uncertainty
11 hari lalu
Airlangga Hartarto claims that under President Prabowo's leadership, Indonesia's economy continues to grow amidst global uncertainty.
