Page 40 - BRIDS IAR 2023_hires

Laporan Manajemen
Management Report

Penurunan inflasi global juga berjalan lambat di tengah The global inflation declines also progressed slowly
pengetatan kebijakan moneter bank sentral di banyak amidst central bank monetary policy tightening in many
negara. Inflasi global diprakirakan turun menjadi 6,8% countries. Global inflation was forecasted to decline to
pada Desember 2023, dengan inflasi negara maju 6.8% by December 2023, with developed country inflation
tercatat 3,3%, sementara inflasi negara EMDEs tercatat at 3.3%, while inflation in EMDEs stood at 9.3%. The
9,3%. Penurunan inflasi sejalan dengan penurunan decline in inflation was consistent with the decrease in
harga energi dan pangan dan dampak dari pengetatan energy and food prices, alongside the impact of central
kebijakan moneter bank sentral di banyak negara. Meski bank monetary policy tightening in numerous countries.
demikian, inflasi di negara-negara maju masih jauh di Nonetheless, inflation in advanced economies remained
atas sasaran yang ingin dicapai, yaitu 2%, sedangkan di significantly above its 2% target, while in most EMDEs, it
kebanyakan negara EMDEs telah di bawah sasaran. Nilai had already fallen below the target. The strength of the
tukar dolar AS pada tahun 2023 tetap kuat. Fenomena US dollar exchange rate persisted throughout 2023. This
sangat kuatnya dolar AS ini memberi tekanan pelemahan phenomenon of a robust US dollar exerted downward
(depresiasi) mata uang di berbagai negara. pressure (depreciation) on currencies in numerous
countries.

Sedangkan dinamika perekonomian nasional terhitung Meanwhile, the dynamics of the national economy were
lebih terjaga, walaupun dinamika perekonomian global relatively more manageable, despite the weakening
yang melemah. Meskipun isu pada awal tahun 2023 global economic trends. Although there were concerns
terjadi resesi, namun hal tersebut perlahan menjadi about recession at the beginning of 2023, optimism
optimis untuk tumbuh lebih baik sejak triwulan III 2023. gradually emerged, particularly since the third quarter of
Memasuki triwulan IV 2023, berbagai indikator terkini 2023. As the fourth quarter of 2023 began, several recent
seperti penjualan eceran, indeks keyakinan konsumen, indicators such as retail sales, consumer confidence index,
penjualan semen, dan Purchasing Manager’s Index cement sales, and the Purchasing Manager's Index (PMI)
(PMI) yang berada pada zona ekspansi mengonfirmasi indicated expansion, confirming the sustained economic
berlanjutnya pertumbuhan ekonomi Indonesia. Sehingga growth in Indonesia. By the end of 2023, Indonesia had
pada akhir tahun 2023, Indonesia berhasil mencatatkan managed to achieve economic growth of 5.05%, albeit
pertumbuhan ekonomi sebesar 5,05%, walaupun lower than the growth recorded in 2022, which stood at
memang lebih rendah dibanding capaian tahun 2022 5.31%.
yang mengalami pertumbuhan sebesar 5,31%.
Stabilitas nilai tukar Rupiah juga tetap terjaga dengan Bank Indonesia's stabilization policies maintained the
kebijakan stabilisasi yang ditempuh Bank Indonesia, di stability of the Rupiah exchange rate amidst the strong
tengah kuatnya dolar AS yang menyebabkan tekanan US dollar, which exerted downward pressure on various
pelemahan berbagai mata uang negara lain. other currencies.

Perkembangan Industri Pasar Modal Indonesia
Development of Indonesia Capital Market Industry

Kondisi pasar saham global pada tahun 2023 diwarnai In 2023, the global equity market condition was
oleh volatilitas atas adanya perubahan narasi pasar antara characterized by volatility, stemming from the fluctuating
kekawatiran akan masih tingginya tingkat inflasi di AS market narrative between concerns about the persistence
dan kekawatiran lanjutan bahwa perekonomian global of high inflation in the US and ongoing concerns of a global
akan mengalami resesi. Dengan perpindahan antara recession. With the shift between these two narratives,
kedua narasi tersebut, pasar saham global melihat data global equity markets relied on monthly inflation data
inflasi bulanan dan kebijakan suku bunga AS sebagai and US interest rate policy as short-term benchmarks.
acuan jangka pendek. Sementara itu, kondisi geopolitik Meanwhile, heightened geopolitical tensions due to the
yang meningkat akibat konflik di Gaza/ Palestina juga conflict in Gaza/Palestine also contributed to increased
mengakibatkan semakin meningkatnya volatilitas dan volatility and risk in 4 quarter-2023. The U.S stock
th
risiko pada kuartal-4 2023. Pasar saham AS berhasil market experienced an in crease, with the benchmark
mencatatkan peningkatan dengan indeks acuan S&P500 S&P500 index rising to 4,770 (24.2% y-on-y), as market
naik ke level 44.770 (24,2% y-on-y), setelah pada akhir confidence grew towards the end of the year, supported
tahun pasar mendapatkan keyakinan bahwa tingkat by signs of easing inflation rates and indications from The
inflasi semakin mereda dan The Federal Reserve (The Fed) Federal Reserve (The Fed) about potential lowering of the
mengisyaratkan akan menurunkan tingkat suku bunga benchmark interest rate in 2024.
acuan pada tahun 2024.

PT BRI Danareksa Sekuritas 40 Laporan Tahunan Terintegrasi 2023