Indonesia forecasts economic growth in 2021 at 3.7-4.5 percent
The Coordinating Minister of Economic Affairs of Indonesia Airlangga Hartarto on September 16 forecast that the country’s economy in 2021 will grow by 3, 7 – 4.5 percent and 5.2 percent in 2022.
Jakarta (VNA) – The Coordinating Minister of Economic Affairs of Indonesia Airlangga Hartarto on September 16 forecast that the country’s economy in 2021 will grow by 3, 7 – 4.5 percent and 5.2 percent in 2022.
The minister said all economic sectors have been growing positively and showing improved operational efficiency along with the improvement of domestic demand and trading partner countries. Some sectors showed positive growth such as manufacturing industry and trade, which are major contributors to the national economy.
Economic growth in the second quarter of 2021 was at 7.07 percent, but with the implementation of the policy of Restricting Community Activities (PPKM) in the third quarter, economic growth has witnessed a slight decrease. However, the growth for the whole year 2021 is forecast to reach from 3.7 – 4.5 percent.
According to Airlangga, in the coming time, the Government will continue to strengthen pandemic control from the central to local levels. In particular, the government will focus on speeding up vaccination, strengthening medical processes, increasing the number of tests and contact tracing, as well as tightening movement control through the enforcement of PPKM policy.
In September, the government set a daily vaccination target of 2-2.3 million people to achieve the goal of vaccinating 208 million people by the end of 2021./.