Jakarta, March 6 -- President Prabowo Subianto has set an ambitious target of clocking 8 percent economic growth by 2029.

Achieving the target growth will be challenging amid the looming uncertainties in the global economic landscape.

Furthermore, public consumption, which the government is still trying to recover, and the condition of the domestic industry, which is being tested by rampant layoffs, are adding to the burden on the current administration as it works to achieve the target.

However, the government is continuing to try and accelerate economic growth gradually, starting by laying down a growth target of 5.2 percent in the 2025 state budget.

During a ministerial coordination meeting on February 27, 2025, Coordinating Minist...