BI: Indonesia’s economic growth in 2021 to reach 3.5%-4.3%
JAKARTA. Bank Indonesia (BI) keeps its optimism regarding Indonesia’s economic growth in 2021 that could reach 3.5% to 4.3% following the steady economic recovery until the third quarter of 2021.
Perry Warijyo, BI Governor, the ongoing economic improvement is evident from the enhancement of several early indicators until this October. They include retail sales, consumer confidence, manufacturing purchasing managers’ index (PMI), transactions through Bank Indonesia National Clearing System (SKNBI) and real-time gross settlements, and export activities.
According to Warijyo, the economy is revived due to the steadily high level of export and increased consumption and investment levels as the mobility restriction policies were enforced. He also noticed performance improvements in the manufacturing, mining, trading, information, and communication industries.
Wairjyo further estimated that this positive trend of revival would continue, and by 2022, the growth would be even more enhanced, supported by vaccination acceleration, high level of export, priority sector reopening, and well-distributed stimulus policies. (AM/ZH)