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Ramadan And Eid 2025 May Not Boost Indonesia's Economy

A man sleeps on the pedestrian during the breaking of the fast time in Jakarta, Indonesia, on March 13, 2025. According to the Institute for Development of Economics and Finance (INDEF), Ramadan and Eid this year, which occur in the same month, March 2025, are predicted to be insufficient to push the economic growth of the first quarter (Q1) of 2025 above 5 percent due to the deflationary situation over the past two months, caused by low purchasing power. (Photo by Afriadi Hikmal/NurPhoto)

Photo Details

Photo ID	#12154078
Date Taken	13 March 2025
Location	N/A
Photographer	Afriadi Hikmal/NurPhoto
Category	Economy, Business and Finance
Copyright	© 2025 NurPhoto - Afriadi Hikmal/NurPhoto

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Jakarta Indonesia pedestrian breaking fast March 13 2025 Institute for Development of Economics and Finance INDEF Ramadan Eid economic growth first quarter Q1 2025 deflationary situation low purchasing power Afriadi Hikmal NurPhoto insufficient growth economics finance March deflation purchasing power economic prediction fasting economic development finance institute economic analysis economic forecast economic impact holiday season consumer spending economic trend economic conditions.

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