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Indonesia economic outlook worsens according to LPEM UI experts
A survey by the Institute for Economic and Social Research at the University of Indonesia (LPEM FEB UI) reveals that 52% of surveyed economists believe Indonesia's economic condition has worsened compared to three months ago. The assessment, based on 63 experts from academia, research institutions, and the private sector, indicates that 46% see conditions as 'worse' and 6% as 'much worse.'
Key drivers of this pessimism include high inflationary pressures and declining job creation. Approximately 78% of experts identified current inflation pressures as high or very high. This coincides with BPS data showing annual inflation reached 3.28% in September 2026, driven largely by food, beverage, and tobacco sectors. Specific price spikes were noted in commodities such as red bird's eye chili and beef.
Furthermore, 73% of respondents reported that job creation has decreased compared to six months ago. The business environment also faced negative sentiment, with 56% of experts stating it has deteriorated over the last three months.
Entities
Badan Pusat Statistik · Bank Indonesia · Indonesia · LPEM FEB UI
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] 73% of experts report job creation is lower than it was six months ago. redaksiaceh.com · ekonomi.republika.co.id
- [○ 1 SOURCE] Beef prices remained above Rp 150,000 per kg for the last four months. insight.kontan.co.id
- [● 2 SOURCES] Annual inflation in Indonesia reached 3.28% in September 2026. redaksiaceh.com · insight.kontan.co.id
- [○ 1 SOURCE] The price of red bird's eye chili reached an average of Rp 102,950 per kg on October 26, 2026. insight.kontan.co.id
- [○ 1 SOURCE] 60% of respondents expect inflation pressure to increase in the coming month. insight.kontan.co.id
- [● 2 SOURCES] 52% of surveyed economists believe Indonesia's economy has worsened compared to three months ago. redaksiaceh.com · ekonomi.republika.co.id
- [● 3 SOURCES] 78% of experts rate current inflationary pressure on the economy as high or very high. redaksiaceh.com · insight.kontan.co.id · ekonomi.republika.co.id
- [● 2 SOURCES] 56% of experts state the business environment has worsened compared to three months ago. redaksiaceh.com · ekonomi.republika.co.id