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Ramadan And Eid 2025 May Not Boost Indonesia's Economy

A line of online motorcycle taxi drivers stands in the business district of Jakarta, Indonesia, on March 13, 2025. According to the Institute for Development of Economics and Finance (INDEF), Ramadan and Eid in 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	#12154079
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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online motorcycle taxi business district Jakarta Indonesia 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 deflation economics finance low demand economic prediction holiday impact economic analysis transportation sector economic trends market conditions economic challenges consumer spending economic forecast financial report economic indicators.

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