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Bisnis, JAKARTA—As the Constitutional Court wraps up its election dispute case, domestic economic actors gain more room to pursue expansive moves for the remainder of the year, which could prop up economic growth above 5 percent.
The announcement of the presidential election dispute results by the Constitutional Court today provides certainty to business actors to immediately make investments or expansions that were delayed due to a wait-and-see approach amid the election and subsequent disputes.
Moreover, Bank Indonesia noted that in the first quarter of 2024, business activity performance, reflected by the weighted net balance index, reached 14.11 percent—higher than the fourth quarter of 2023, at 13.17 percent.
Additionally, the manufacturing performance in the first quarter of 2024 also followed, paving the way for expansion, reflected in BI's PMI at 52.8 percent, higher than the fourth quarter of 2023, at 51.2 percent.
