In 2024, CRIF estimates that economic growth will be in the range of 4.80% (yoy) to 5.20% (yoy). The projected lowest growth range is weakening below the 5% level due to the global economic slowdown trend due to the geopolitical situation, inflation, and still high-interest rates. High credit interest rates in Indonesia have contributed to the slowdown in economic growth, in line with increasing operational costs for business players.
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