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Sejalan dengan perkembangan tersebut, IMF dalam In line with these developments, the IMF, in its January
laporan World Economic Outlook (WEO) edisi Januari 2026 edition of the World Economic Outlook (WEO),
2026 merevisi naik proyeksi pertumbuhan ekonomi revised upward its 2025 global growth projection to 3.3%
global tahun 2025 menjadi 3,3% (yoy), atau meningkat year over year, an increase of 0.1 percentage point from
0,1 poin persentase dibandingkan proyeksi pada edisi the projection in the October 2025 edition. This projection
Oktober 2025. Proyeksi tersebut sejalan dengan realisasi was in line with the actual global growth recorded in the
pertumbuhan ekonomi global pada tahun sebelumnya.
4,2 4,1
4,4
3,3 3,2 World
3,3 Advanced Economies
Energing Market and
1,8 1,7 Developing Economies
1,7
2025 2026f 2027f
Sumber: WEO, IMF, edisi Januari 2026 | Source: WEO, IMF, January 2026 edition previous year.
Di tengah stagnasi ekonomi global, inflasi berada pada Amid global economic stagnation, inflation remained
level yang relatif terkendali, termasuk di negara maju relatively contained, including in advanced economies
seperti Amerika Serikat dan kawasan Eropa. Kondisi such as the United States and Europe. This condition
tersebut mendorong sejumlah bank sentral utama, prompted a number of major central banks, including
termasuk The Federal Reserve (The Fed) dan European the Federal Reserve (the Fed) and the European Central
Central Bank (ECB), untuk menurunkan suku bunga Bank (ECB), to lower policy interest rates. The Fed began
acuan. The Fed mulai menurunkan Federal Funds Rate reducing the Federal Funds Rate in October 2025 and
sejak Oktober 2025 dan melanjutkannya hingga akhir continued through year-end, reaching a range of 3.5% to
tahun ke kisaran 3,5%–3,75%. ECB juga menurunkan suku 3.75%. Similarly, the ECB cut its policy rate four times to
bunganya sebanyak empat kali hingga mencapai level 2%. 2%.
PEREKONOMIAN INDONESIA INDONESIAN ECONOMY
Di tengah kondisi global yang mengalami stagnasi, Amid a stagnating global environment, Indonesia’s
perekonomian Indonesia tetap menunjukkan resiliensi economy remained resilient throughout 2025. Based on
sepanjang tahun 2025. Berdasarkan laporan Badan Pusat data reported by Statistics Indonesia (BPS), the national
Statistik (BPS), perekonomian nasional secara kumulatif economy recorded cumulative growth of 5.11%, supported
tumbuh sebesar 5,11%, yang didukung oleh menguatnya by stronger production activity and a sustained trade
aktivitas produksi dan berlanjutnya surplus perdagangan. surplus.
Dari sisi pengeluaran, konsumsi rumah tangga dan From the expenditure side, household consumption and
investasi tetap menjadi kontributor utama pertumbuhan investment remained the main contributors to economic
ekonomi, dengan kontribusi gabungan sebesar 82,65%. growth, with a combined contribution of 82.65%.
Sementara itu, kinerja ekspor dan belanja pemerintah Meanwhile, exports and government spending contributed
masing-masing memberikan kontribusi sebesar 22,85% 22.85% and 7.53%, respectively, to overall economic
dan 7,53% terhadap pertumbuhan ekonomi. growth.
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