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IMF: Indonesia’s economic outlook is positive

The Indonesian economy is gradually recovering, owing in part to a bold, comprehensive, and coordinated policy response to address the socio-economic hardship inflicted by the COVID 19 pandemic in the first half of 2020, according to the International Monetary Fund (IMF).
IMF: Indonesia’s economic outlook is positive ảnh 1A corner of Indonesia's Jakarta (Photo: AFP)

Jakarta (VNA) - The Indonesian economy isgradually recovering, owing in part to a bold, comprehensive, and coordinatedpolicy response to address the socio-economic hardship inflicted by the COVID19 pandemic in the first half of 2020, according to the International MonetaryFund (IMF).

The country’s GDP is projected to expand by 4.8percent in 2021 and 6 percent in 2022. Meanwhile, inflation is set to risegradually to 3 percent (y/y) at the end of 2021.

The current account deficit is expected to widen to1.5 percent of GDP in 2021, reflecting higher imports driven by economicrecovery.

IMF Executive Directors commended the authorities’containment measures and supportive macroeconomic policies, which have beeninstrumental in cushioning the economic impact of the pandemic.

They noted that Indonesia’s strong fundamentals andprudent macroeconomic policy track record have contributed to its economy’sresilience./.
VNA
#Indonesian economy#COVID 19 pandemic#International Monetary Fund#Vietnam#VietnamPlus#Vietnam news
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