Inp.polri.go.id - Jakarta.  The Indonesian Central Bank (BI) has announced that Indonesia's economy demonstrated robust growth in the fourth quarter of 2023 despite a global economic deceleration. "Indonesia’s economic growth is solid amid global economic slowdown," said Erwin Haryono, the chief spokesperson of BI, on Tuesday (6/2/2024) Data from the Central Statistics Agency (BPS) reveals that Indonesia's economy expanded by 5.04 percent year-on-year  in the final quarter of 2023, marking an increase from the previous quarter's 4.94 percent year-on-year growth, antaranews.com reported This surge propelled Indonesia's overall economic growth for 2023 to a substantial 5.05 percent year-on-year.. Looking ahead to 2024, the national economy is forecasted to grow within the range of 4.7–5.5 percent, bolstered by domestic demand, including sustained consumption growth, the favorable outcomes of the elections, and heightened investment in construction, aligned with the ongoing progress of National Strategic Projects (PSN), such as the Nusantara capital city (IKN), he said. Erwin said, however, that export performance might not be robust due to the sluggish global economy and the downturn in commodity prices. BI continues to enhance the synergy of the government's fiscal stimulus through macro-prudential measures to spur economic growth, particularly through domestic demand, he said. The fourth quarter of 2023 witnessed Indonesia's economic expansion supported by nearly all components of the gross domestic product (GDP). Regionally, economic growth in Indonesia during the final quarter of 2023 outpaced the previous quarter. Sulawesi, Maluku, and Papua emerged as the regions with the highest economic growth in the quarter, followed by Kalimantan, Java, Bali-Nusa Tenggara, and Sumatra. (mg/inp/pr/nm)