Jakarta (ANTARA) – Indonesia’s top economic official played down the World Bank’s downgrade of the country’s 2026 growth outlook to 4.7 percent from 4.8 percent, citing global geopolitical tensions weighing on forecasts across multiple economies.Coordinating Minister for Economic Affairs Airlangga Hartarto said the revision was unsurprising given heightened global uncertainty, noting that similar adjustments have been applied to other countries facing comparable external risks.“With the current war situation, they have all lowered projections across various regions,” Airlangga said Thursday at his office in Jakarta.He added that the World Bank’s estimate remains relatively optimistic, as Indonesia’s projected expansion still exceeds the global average, signaling resilience in Southeast Asia’s largest economy.“The figure is still above the global average growth rate of 3.4 percent. Indonesia remains optimistic, especially as we await first-quarter 2026 results,” he said.Airlangga noted the World Bank uses its own methodology in compiling projections, while Indonesia’s government maintains transparency by supplying data without influencing the institution’s independent assessment.“On projections, they have their own calculations. In many cases, our outcomes are better than their forecasts, so it is not an issue,” he said.In its April 2026 East Asia and Pacific Economic Update, the World Bank trimmed Indonesia’s growth forecast to 4.7 percent for 2026, slightly below its October 2025 estimate of 4.8 percent.The downgrade reflects external pressures, including higher global oil prices and rising risk-off sentiment in international financial markets, which have dampened investor appetite for emerging market assets.Still, the World Bank said Indonesia could offset some of the drag through commodity export revenues and government-led investment initiatives aimed at sustaining domestic demand.The report also highlighted Indonesia’s economic buffers, particularly from its commodity sector, which may help cushion the near-term impact of elevated energy costs and global market volatility.