Economists Signal Pessimistic Economic Outlook, Lay-Off and Deteriorate Business Climate

The labor market and business climate contribute to economists’ views on the country’s economic outlook.

Annasa Rizki Kamalina,Surya Dua Artha Simanjuntak
Senin, 17 Maret 2025 | 14:00

Bisnis.com, JAKARTA — Most economists view the current economic conditions under the new government as deteriorating compared to the previous administration, citing massive lay-off and business climate.

A survey by the Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI), found that 23 out of 42 economists (55%) believe economic conditions have worsened over the past three months, with 7 stating they have significantly deteriorated.

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