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PT BRI DANAREKSA SEKURITAS
Laporan Tahunan Terintegrasi 2022

TINJAUAN PEREKONOMIAN

ECONOMIC OVERVIEW

Aktivitas perekonomian global pada tahun 2022 Global economic activity in 2022 has decelerated from
menunjukkan perlambatan dari estimasi awal. Faktor original estimates. Factors such as ongoing geopolitical
yang mempengaruhi perlambatan tersebut seperti and economic turmoil, as well as the aggressive tightening
gejolak geopolitik dan ekonomi yang masih berlanjut serta of monetary policy in advanced countries, continued
pengetatan kebijakan moneter yang agresif terutama to overshadow business performance, particularly the
pada negara maju, terus membayangi kinerja bisnis Indonesian capital market. A significant adjustment in
terutama pasar modal di Indonesia. Koreksi proyeksi economic growth projections comes with an increased
pertumbuhan ekonomi terjadi secara signifikan disertai risk of potential recession in the United States (U.S.) and
dengan meningkatnya risiko potensi resesi yang terjadi Europe. Furthermore, China’s Zero-Covid Policy which
ANALISIS DAN PEMBAHASAN MANAJEMEN Nol-Covid (Zero Covid Policy) di China yang diterapkan global economic growth.
came into force in 2022, has contributed to a slowdown in
di Amerika Serikat (AS) dan Eropa. Selain itu, Kebijakan
pada 2022 juga turut berkontribusi pada perlambatan
pertumbuhan ekonomi global.

Ekonomi domestik tetap tercatat tumbuh di tengah risiko The national economy continues to experience record
tekanan global. Tingkat Produk Domestik Bruto (PDB) growth in the face of global pressures. Indonesia’s level
Indonesia sepanjang 2022 telah melampaui kondisi pra of Gross Domestic Product (GDP) throughout 2022 has
pandemi. Menguatnya perekonomian nasional terlihat surpassed pre-pandemic conditions. The strengthening
dari capaian pertumbuhan ekonomi Indonesia triwulan of the domestic economy is reflected in the results of
IV 2022 yaitu 5,01 YoY atau 0,36% qtq. Hal tersebut Indonesia’s economic growth in the forth quarter of
didorong oleh kinerja ekspor serta membaiknya konsumsi 2022, which was 5.01% YoY or 0.36% qtq and supported
rumah tangga dan investasi non-bangunan. Indonesia by export earnings and improved household consumption
juga mendapatkan windfall profit akibat tingginya harga and non-productive investment. Indonesia also received
beberapa komoditas unggulan yang didominasi oleh batu windfall profit from the high prices of a number of key
bara, minyak kelapa sawit, serta besi dan baja sehingga commodities which were dominated by coal, palm oil,
mampu mendorong pertumbuhan ekspor. along with iron and steel, which has helped drive export
growth.

Indonesia mengalami inflasi 5,51% sepanjang 2022. Angka As of 2022, Indonesia experienced 5.51% inflation which
ini menjadi rekor inflasi tertinggi dalam 8 tahun terakhir reflecting the highest inflation record over the past 8
dengan inflasi inti tercatat menembus level 3,36% YoY, years with core inflation reached 3.36% YoY, administered
inflasi administered price sebesar 13,34% YoY, dan price inflation of 13.34% YoY, and volatile food inflation
inflasi volatile food sebesar 5,61% YoY. Beberapa faktor of 5.61% YoY. Factors that contributed to inflation in
yang menjadi pemicu inflasi pada 2022 di antaranya 2022, including the scarcity of cooking oil and the
kelangkaan minyak goreng dan penetapan kebijakan implementation of one price policy for cooking oil, the
satu harga minyak goreng, kenaikan harga avtur yang rise in avtur price leading to higher air fares, weather-
mendorong kenaikan tarif angkutan udara, faktor cuaca related factors that result in crop failure for a number of
yang mengakibatkan gagal panen beberapa komoditas horticultural commodities which triggers price increases,
hortikultura sehingga memicu kenaikan harga, kenaikan higher fuel prices, and seasonal factors such as Ramadan,
harga Bahan Bakar Minyak (BBM), serta faktor musiman Christmas and New Year.
seperti Bulan Ramadhan, Natal dan Tahun Baru.

Sepanjang 2022 Bank Indonesia (BI) juga menaikkan suku Throughout 2022, Bank Indonesia (BI) raised the
bunga acuan 7 Days Reverse Repo Rate (BI7DRR) sebanyak benchmark interest rate 7 Days Reverse Repo Rate
5 kali dalam kurun waktu lima bulan. Kenaikan suku (BI7DRR) by 5 times in five months. The aggressive BI’s
bunga kebijakan BI yang cukup agresif tersebut seiring policy interest rate was part of the measure taken by the
dengan langkah bank sentral untuk menahan gejolak central bank to contain the domestic economic turmoil
ekonomi domestik di tengah lonjakan inflasi dan sebagai in the midst of skyrocketing inflation and as a means
pengetatan kebijakan moneter. Total kenaikan BI7DRR to strengthen monetary policy. The overall increase in
sebesar 200 basis points (bps), hingga BI7DRR mencapai BI7DRR was 200 basis points (bps), with the result that
level 5,5% pada akhir 2022. Suku bunga BI yang semula BI7DRR reached 5.5% by the end of 2022. The BI interest
bertahan pada level 3,5% naik ke level 5,5% tersebut rate, which originally stood at 3.5% level climbed to 5.5%
mencatatkan rekor tertinggi sejak Agustus 2019. level, the highest since August 2019.

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