Today's Top 3 News: Growth Projection Cuts by IMF, World Bank Signal Economic Challenges for Indonesia

April 28, 2025 | 05:55 pm

TEMPO.CO, Jakarta - Tempo English compiled the top 3 news on Monday, April 28, 2025. Here are the highlights: Growth Projection Cuts by IMF, World Bank Signal Economic Challenges for Indonesia; 5 Major Deals in Indonesia-US Negotiations Over Trump Tariffs; and Bank Indonesia: IMF Needs to Take Firm Stance in Facing Global Economic Challenges.

The following is the list of the top 3 news on Tempo English today:

1. Growth Projection Cuts by IMF, World Bank Signal Economic Challenges for Indonesia 

In its latest projections, the International Monetary Fund (IMF) forecasts Indonesia's economic growth at 4.7 percent in 2025, lower than its January projection of 5.1 percent. A similar outlook was presented by the World Bank in its Indonesia Macro Poverty Outlook report.

Achmad Nur Hidayat, an economist from the National Development University Veteran Jakarta, said the government must respond seriously to the revised forecasts issued by the IMF and the World Bank.

"We have to treat IMF's revision as a serious alarm that our economic policies need to be reconstructed on a new foundation," Achmad stated in a written statement received by Tempo on Sunday, April 27.

Click here to read more

2. 5 Major Deals in Indonesia-US Negotiations Over Trump Tariffs  

The Indonesian government and the United States are formulating five main agreements in response to President Donald Trump's reciprocal tariff policy, potentially putting pressure on national exports. This step is taken to dampen the impact of high import duties set by the U.S., reaching 32 percent, on several Indonesian products.

In a virtual press conference of the Financial System Stability Committee (KSSK) on Thursday, April 24, 2025, Finance Minister Sri Mulyani Indrawati revealed that both countries are actively communicating and negotiating to reach a mutually beneficial point.

Click here to read more

3. Bank Indonesia: IMF Needs to Take Firm Stance in Facing Global Economic Challenges 

Governor Bank Indonesia Perry Warjiyo underlines the importance of the International Monetary Fund (IMF) in facing global challenges arising from trade policy changes. This statement was made by Perry during the IMF and World Bank Spring Meeting held in Washington DC, United States.

Perry believes that IMF needs to firmly advocate the importance of open international trade policies to stimulate growth. "IMF plays a strategic role in delivering a firm stance, especially in responding to common challenges that could threaten macroeconomic stability and the global financial system," Perry said in a statement from Bank Indonesia, quoted on Sunday, April 27, 2025.

Click here to read more

Click here to get the latest news updates from Tempo on Google News

Top US Firms Hold Talks with Indonesian Govt on Domestic Certification

1 jam lalu

5 Major Deals in Indonesia-US Negotiations Over Trump Tariffs

6 jam lalu

Growth Projection Cuts by IMF, World Bank Signal Economic Challenges for Indonesia

9 jam lalu

Bank Indonesia: IMF Needs to Take Firm Stance in Facing Global Economic Challenges

11 jam lalu

Progress in Indonesia-U.S. Tariff Negotiations

18 jam lalu

Today's Top 3 News: Jokowi Shares Front Row with Trump, Macron at Pope Francis' Funeral in Vatican

23 jam lalu

Apindo Sees Great Promise for Exports in ASEAN

1 hari lalu

Today's Top 3 News: Indonesia Open to Foreign Payment Providers, Addresses QRIS Issue

1 hari lalu

Thailand Invites Singapore to Join "Six Countries, One Destination" Tourism Initiative

2 hari lalu

Indonesia Targets Export Growth in BRICS and CPTPP Markets

2 hari lalu