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Performa 2024 Laporan Manajemen Profil Perusahaan Analisis dan Pembahasan Manajemen
2024 Performance Management Report Company Profile Management Disccussion & Analysis

Tinjauan Makro Ekonomi

Macro Economic Overview

Sebagaimana dikutip dari Laporan Perekonomian Provinsi DKI The DKI Jakarta Provincial Economic Report released by Bank
Jakarta yang dirilis Bank Indonesia, menjelaskan bahwa divergensi Indonesia explained that the divergence of the world economy
ekonomi dunia berlanjut dengan ketidakpastian global yang tetap had continued while global uncertainty remained high. The United
tinggi. Perekonomian Amerika Serikat (AS) diprakirakan tetap kuat States (US) economy was predicted to remain strong supported by
ditopang oleh konsumsi rumah tangga seiring upah dan produktivitas household consumption along with high wages and productivity
yang tinggi serta perbaikan investasi. Sementara itu, ekonomi and improving investments. While, the European, China, and
Eropa, Tiongkok, dan Jepang masih lemah dipengaruhi permintaan Japanese economies would remain weak due to weak domestic
domestik yang belum kuat serta kinerja eksternal yang menurun demand and declining external performance in line with the slowing
sejalan dengan perekonomian global yang melambat dan dampak global economy and the impact of the import tariff increases by
dari implementasi kenaikan tarif impor oleh AS. Ekspansi ekonomi the US. India’s economic expansion was also being held back by
India juga tertahan akibat proses konsolidasi fiskal dan investasi the fiscal consolidation process and weak investments. With these
yang belum kuat. Dengan perkembangan tersebut, pertumbuhan developments, world economic growth for 2025 was predicted to
ekonomi dunia 2025 diprakirakan sebesar 3,2%. be 3.2%.

Di sisi lain, ketidakpastian pasar keuangan global tetap tinggi Also the global financial market uncertainty remained high due
dipengaruhi kebijakan tarif impor AS yang lebih cepat dan luas to the US import tariff policy that was faster and broader than
dari prakiraan serta arah kebijakan bank sentral AS. Pertumbuhan expected and the direction of the US central bank’s policies. High
ekonomi dan inflasi AS yang tinggi berdampak pada ekspektasi US economic growth and inflation would have an impact due to
penurunan Fed Funds Rate (FFR) yang lebih terbatas. Kebijakan expectations of a more limited Fed Funds Rate (FFR) reduction. A
fiskal AS yang lebih ekspansif mendorong yield US Treasury tetap more expansionary US fiscal policy pushed the US Treasury yield
tinggi, meskipun sedikit menurun akibat meningkatnya permintaan higher, although it was a slight decrease due to increasing global
investor global terhadap US Treasury. investor demand for US Treasuries.

Perkembangan tersebut menyebabkan besarnya preferensi investor This development resulted in global investors placing their portfolios
global untuk menempatkan portofolionya ke AS. Indeks mata uang dolar in the US. The US dollar currency index was still high and impacted
AS masih tinggi dan menekan berbagai mata uang dunia. Ketidakpastian other world currencies. Global uncertainty continued to remain high
global yang tetap tinggi terus memerlukan respons kebijakan yang resulting in a strong policy response to mitigate the impact of its
kuat sehingga dapat memitigasi dampak rambatannya untuk menjaga spillover to maintain stability and encourage domestic economic
stabilitas dan mendorong pertumbuhan ekonomi domestik. growth.

Laporan Tahunan 2024 116 Annual Report 2024