This report analyzes Indonesia’s economic situation and international economic cooperations. The report points out that Indonesia’s economic growth has slowed down since 2023，but shown some resilience. It is still higher than the average growth rate of the five big ASEAN countries and the overall emerging markets. In the first quarter of 2024，there have been positive signs of economic recovery. The service industry and resource industry are the main drivers，with significant growth in sectors such as transportation，warehousing，and commercial services. Affected by factors such as exchange rate fluctuations，export amounts have decreased by 11.36% in 2023，but a trade surplus of USD 36.91 billion has still been achieved. The job market has improved，with the unemployment rate dropping to 5.32%，but it is still higher than the pre-pandemic level，and job stability is still poor. Resident income growth is slow and eroded by inflation，and the higher Gini index reflecting the income gap has increased. The government’s capacity on fulfilling the fiscal revenue and expenditure has increased，but it also faces pressure from increasing debt financing. In terms of international economic cooperation，FDI continues to grow，the main investment areas include metallurgy，mining，logistics，chemical，and pharmaceutical industries.