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Indonesia’s economy forecast to grow 5 percent in 2021

The Indonesia’s economy may expand 5 percent in 2021, Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan said at the forum on development prospect 2021 on October 21.
Indonesia’s economy forecast to grow 5 percent in 2021 ảnh 1A corner of West Jakarta (Photo: Jakarta Post)

Jakarta (VNA) – The Indonesia’s economy may expand 5 percent in2021, Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitansaid at the forum on development prospect 2021 on October 21.

Luhut called for national solidarity to overcome COVID-19 pandemic so as to achievethe growth.

Meanwhile, Chairman of the Employers’ Association of Indonesia (APINDO)Hariyadi Sukamdani said the country’s economy is forecast to inch up between2.5 and 5.5 percent next year. However, the expansion depends on theavailability of COVID-19 vaccine.

Apindo believed that proper application of health care process at workplace aswell as in the community will be a key to recover the economy in the timeahead.

He expected the Indonesian government to speed up disbursement of various socialaid and fiscal stimulus packages.

According to the Statistics Indonesia (BPS), Indonesia’s GDP contracted 5.32percent in the second quarter of 2020, and it is predicted to post acontraction of 2.9 percent in the third quarter./.
VNA

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