Jakarta –
The Association of Indonesian Entrepreneurs (Apindo) expects a decline in domestic consumption in the second quarter of 2024. This is one of the topics on the discussion agenda with other associations across Indonesia.
This comment was made by the President General Apindo Shinta Widjaja Kamdani. Because of this situation, according to him, his party must prepare to be expected.
“Yes, that’s right, we met yesterday with the society. The society also said the same thing. So of course this will happen, we have to expect it immediately and we have to be ready, ” said Shinta, who met at the DPN Apindo Office, South Jakarta, on Wednesday (8/5/2024).
Seeing this condition, Shinta believes that it is time for entrepreneurs to maintain their flexibility. In this way, it is hoped that undesirable things can be avoided.
“That’s why I say, now is the time to keep suffering,” he said.
On the other hand, Shinta remains optimistic that Indonesia’s economic growth can remain at around 5% this year. This reflects Indonesia’s track record in dealing with post-Covid-19 pandemic situations. Indonesia’s economy has proven to be resilient amid global economic turmoil.
“If we look at the first quarter, it was 5.11% which was good. But then there was Eid so there was an inflow of spending. We are very optimistic that the target will be taken to achieve economic growth of 5 percent,” he concluded.
As additional information, the decline in public spending numbers was previously announced by Aprindo General Chairman Roy Nicholas Mandey. He said growth in today’s retail industry in the three months to June would only reach 4%-5% year-on-year (yoy). This figure is slower than the first quarter rate of about 5%-7%.
“In the second quarter it is expected to be around 4% to 5%. So the margin is thinner,” Roy told reporters in Jakarta, Tuesday (7/5/2024), quoted by CNBC.
(shc/rrd)
2024-05-09 15:05:58
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