JAKARTA - The Bank Indonesia Board of Governors (RDG) meeting on 20-21 September 2021 stated that the performance of the domestic economy is predicted to improve gradually.
This development is influenced by the return to improvement in community mobility in line with the easing of the mobility restriction policy as a result of the response to the better handling of Covid-19. In the period from August to early September 2021, domestic economic activity gradually improved, after experiencing a slowdown in July 2021.
This is reflected in the performance of various early indicators, such as retail sales, consumer expectations, PMI Manufacturing, as well as payment transactions through SKNBI and RTGS, which again increased.
On the external side, export performance continued to improve, supported by continued strong demand from major trading partners. Looking ahead, economic recovery is expected to continue in line with accelerated vaccination, continued strong export performance, wider opening of priority sectors, and continued policy stimulus.
"With these developments, economic growth in 2021 is predicted to remain within the projection range of Bank Indonesia at 3.5% - 4.3%," explained Perry Warjiyo, Governor of BI at a press conference. (LM)