Jakarta, Dec. 5 -- Deputy for economy at the Ministry of National Development Planning, Amalia Adininggar Widyasanti, underscored that economic transformation is vital for accelerating national economic growth.

"Indeed, we cannot achieve economic growth acceleration without economic transformation," she said at the Investor Network Summit 2024 in Jakarta on Thursday.

The global economy is said to be experiencing uncertainty, which has led to projections of slow growth.

However, Indonesia is expected to utilize this situation to bolster and increase the competitiveness of the domestic economy.

Over the past 20 years-excluding the COVID-19 pandemic period-economic growth in the country has averaged around five percent.

After the pandem...