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Indonesia's Economic Challenges. Slowing Growth, Declining Equity Performance, and the Impact of Online Gambling
The fundamental problem for Indonesia remains weak growth. This continues to be reflected best in the chart of declining nominal GDP growth, as previous discussed here (see GREED & fear - Powell as party pooper, 19 December 2024), whereas real GDP growth has been extraordinarily stable hovering around 5% for the past 11 years, excluding the Covid period (see Exhibit 21). Nominal GDP growth slowed to 6.0% last year, down from 15.4% in 2022 and 15% in 2010.
