Indonesia Faces Global Economic Slowdown, Parliament Pushes for Domestic Strengthening

Continuing Global Economic Uncertainty

Indonesia is bracing for continued global economic uncertainty in 2026, according to recent statements from Parliament. The global economic slowdown is expected to persist, creating challenges for Indonesia's economic growth. In response, Deputy Chairman of DPR Commission VI, Nurdin Halid, has called for a strengthening of the domestic economy through a Pancasila-based economic transformation.

Focus on Sustainable Growth

The proposed economic transformation is grounded in the principles of the 1945 Constitution's Article 33, which emphasizes the importance of social welfare and economic justice. Nurdin emphasized that merely maintaining economic stability is insufficient; instead, Indonesia must strive for sustainable growth that benefits its people. This approach aims to ensure that economic development translates into tangible improvements in the quality of life for Indonesians.

Parliament's Role in Economic Policy

The DPR's push for a Pancasila-based economy reflects a broader commitment to national economic sovereignty and social equity. By advocating for an economic framework that prioritizes the welfare of the people, Parliament is playing an active role in shaping Indonesia's economic policy direction for 2026 and beyond.