Finance Minister Purbaya Yudhi Sadewa encouraged the public to take advantage of declining stock prices by buying shares. He believes that Indonesia’s economy is currently in an acceleration phase, indicating better prospects ahead.

“I’ve said it before—just buy when prices drop. If people follow that, they could gain significant profits in the future,” Purbaya stated during a press conference at the Presidential Palace in Jakarta on Tuesday evening (May 5, 2026).

He also noted that Indonesia’s economic growth in the first quarter of 2026 reached 5.61 percent. However, he pointed out that many people have not fully recognized this condition and instead are withdrawing from the capital market.

“Our economy is accelerating, but many fail to see it, leading to fear and an exit from the capital market,” he explained.

Meanwhile, Purbaya indicated that the government is preparing additional stimulus measures to boost economic growth in the second quarter of 2026. The stimulus is expected to be implemented around June 1, alongside coordination with the central bank to maintain liquidity.

“We will introduce additional economic stimulus soon, likely starting on June 1,” he said.

Purbaya also emphasized that Indonesia’s current economic condition is far from a crisis like the one experienced in 1998. He argued that narratives circulating on social media do not align with official data showing that the economy remains strong.

According to data from the Central Statistics Agency (BPS), Indonesia’s economy grew by 5.61 percent year-on-year in the first quarter of 2026.

“Far from a recession, the economy is actually growing. Calling it a crisis is inaccurate. Many predictions have turned out to be wrong,” he said during the APBN KiTa press conference in Jakarta on Tuesday (May 5, 2026).

He also highlighted the widespread comparisons on social media, particularly TikTok, that equate the current situation with the 1997–1998 monetary crisis. According to him, such comparisons are unfounded because they ignore current economic indicators.

Purbaya stressed that Indonesia is currently in an expansion and growth phase, unlike the situation in 1998, which was marked by prolonged contraction and led to political turmoil.

“We are still expanding and accelerating. So don’t create assumptions without looking at accurate data,” he concluded.