Grant Thornton Indonesia has published a report titled “Unraveling Indonesia’s Prospects in 2024”, a move aimed at assisting foreign investors in better understanding Indonesia’s investment climate in 2024.
This report not only provides a macro perspective but also offers insights into Indonesia’s potential from both a sectoral and provincial standpoint.
As Indonesia enters 2024, the country’s economic resilience remains robust amid global economic and geopolitical uncertainties. This year marks a turning point for Indonesia, signaling the end of two terms of President Joko Widodo’s leadership.
A change in leadership may trigger a “wait and see” approach among investors. However, Indonesia is deemed ready to attract as much foreign investment as possible, including investment in projects in the Nusantara Capital (IKN), a legacy of Jokowi.
Government macro policies have an impact on the economic performance of various provinces. The report identifies economic growth in five provinces that not only weathered the storm but also exceeded growth projections before Covid-19.
These provinces are North Maluku, Central Sulawesi, East Kalimantan, West Java, and Riau. The report also unveils the current strengths of these provinces and their potential for future economic growth.
According to Grant Thornton Indonesia, with its unique economic landscape, each province reflects various investment opportunities available in Indonesia.
Positioned as focal points for domestic and foreign investors seeking sustainable growth in 2024, these regions are said to be at the forefront of Indonesia’s dynamic economic narrative.
