The Indonesian Post
Some received a bad report card in achieving economic growth in the first quarter of 2025. There are also countries whose economies are projected to grow rapidly in 2025. Indonesia is one of the countries experiencing a slowdown in economic growth. The Central Statistics Agency (BPS) recorded that the Indonesian economy in the first quarter of 2025 grew below 5 percent. During the first three months of 2025, Indonesia's economic growth was only 4.87 percent, slowing down compared to the previous quarter which still grew 5.02 percent. In addition to Indonesia, Japan's economic growth is also under pressure from public consumption. A report from Macenews estimates that the Japanese economy may record its first contraction in four quarters in the January-March quarter of 2025, with a decline of 0.1% quarter-on-quarter or 0.4% annually. This follows solid growth in the October-December quarter of 0.6% (2.2% annually), driven by a technical recovery in net exports due to a sharper-than-expected decline in imports. However, sluggish domestic consumption and high living costs are now weighing on the economy. The United States also experienced something similar. Uncle Sam's economic growth in the first quarter of 2025 decreased by 0.3 percent compared to the same quarter in the previous year. In the fourth quarter of 2024, the United States economy grew by 2.4%. The slowdown in the United States economy is thought to be due to President Donald Trump's aggressive tariff policies. Meanwhile, several countries are predicted to have higher economies. The highest growth projections from the IMF are filled with countries from the African and Asian continents. In addition, the top economies in the highest ranking are closely related to the oil sector, meaning fluctuations in production can have a drastic effect on their country's GDP. South Sudan and Guyana, which are predicted to be the top two countries in terms of the highest economic growth, have oil production. South Sudan has been looking for alternative routes to export its oil, as well as cash bailouts from Qatar and the United Arab Emirates to survive the civil war that has been going on for the past few years. Guyana as a country in South America which is relatively poor discovered large oil deposits in May 2015 so that since oil production began in December 2019 it has provided one billion dollars for Guyana and is estimated to reach 157 billion dollars by 2040 so that its economic growth is expected to be even higher.