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Indonesia’s Gross Domestic Product (GDP) grew by 5.47 percent year-on-year (YoY) in the third quarter of 2026. Economist at the Faculty of Economics and Business, Universitas Gadjah Mada (FEB UGM), Denni Puspa Purbasari, Ph.D., described the figure as unexpectedly high, particularly as several economic indicators suggest mounting pressure on purchasing power and household consumption.
“In the third quarter, household consumption expenditure grew by 5.04 percent, while consumer credit growth in September 2026 reached only 4.86 percent year-on-year, compared to 7.3 percent in the previous year,” she explained on Thursday (October 12).
Denni also pointed to anomalies in the relationship between household consumption growth, consumer confidence, and retail sales.
The shrinking middle class, persistent poverty, and increasing economic vulnerability have become major challenges in Indonesia’s development agenda in recent years. In response to these economic issues, the Faculty of Economics and Business, Universitas Gadjah Mada (FEB UGM), in collaboration with the ANU Indonesia Project, will host the 10th Mubyarto Public Policy Forum (MPPF) on Friday (November 13, 2026), at the Function Hall, 8th Floor, FEB UGM Learning Center Building.
Chair of the 10th MPPF Organizing Committee, Novat Pugo Sambodo, S.E., MIDEC., Ph.D., explained that the Mubyarto Public Policy Forum is an annual event aimed at fostering discussions and the exchange of ideas on strategic development and public policy issues in Indonesia.
Balqis Najwa Tsabitha has proven that an academic journey need not be confined to a single field of study. With a background in Chemical Engineering, she decided to broaden her knowledge by pursuing studies in management.
University life is not only about pursuing academic activities but also about learning to adapt, understanding oneself, and building healthy social relationships. For first-year students, this transition often comes with its own set of challenges.
To support students during this transition, the Faculty of Economics and Business, Universitas Gadjah Mada (FEB UGM), provided a space for students to share their experiences through the Thematic Sharing Session.