Jakarta, Feb. 26 -- Ramadan and Idulfitri season is projected to provide a modest but meaningful boost to Indonesia's economic growth, with expansion estimated at up to 0.3%, according to Permata Bank's Head of Macroeconomic and Financial Market Research Faisal Rachman. Faisal said the Ramadan-to-Eid period could lift growth by around 0.25%-0.3%, driven mainly by stronger household consumption. He said that the bank estimates that Ramadan and Eid could add around 0.25 to 0.3 percentage points to Indonesia's economic growth. He noted that the seasonal impact aligns with rising consumer spending during Ramadan, supported by higher mobility during the annual mudik homecoming and increased purchases of holiday-related goods. Sectors expected to...
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