World

Indonesian President: economic growth to be higher than expected

Indonesian President Joko Widodo has said Indonesia will prove that its economic growth for 2021 will be higher than forecasts given by international economic and financial bodies.
Indonesian President: economic growth to be higher than expected ảnh 1Illustrative image (Photo: Xinhua)

Jakarta (VNA) –Indonesian President Joko Widodo has said Indonesia will prove that itseconomic growth for 2021 will be higher than forecasts given by international economic andfinancial bodies.

Addressing the Indonesia EconomyOutlook Forum on February 25, Widodo said the InternationalMonetary Fund (IMF), World Bank, and Organisation for Economic Cooperation andDevelopment (OECD) have forecast that Indonesia’s economy will grow by about 4-5percent this year.

The key to the nation’s economic recovery lies in thecapability of all sides to handle the pandemic, the President noted.

He believed that Indonesia's economic recovery would hingelargely on the disciplined application of health protocols, including wearingface mask, maintaining physical distance, and washing hands, as well as theimplementation of the 3T policy of testing, tracing, and treatment.

According to him, Indonesiais among the leading countries in Asia to be conducting COVID-19 vaccination. The government has allotted about 372 trillion rupiah (26.5 billion USD) fromthe State budget to accelerate national economic recovery.

He added that different economicindicators have so far improved./.

VNA
#Indonesian President Joko Widodo#Vietnamplus#Vietnam News Agency#Indonesia Economy Outlook Forum#economic recovery
Follow VietnamPlus

Related News

Indonesian economy to regain growth momentum from second quarter

Indonesian economy to regain growth momentum from second quarter

Although the Indonesian Government’s National Economic Recovery (PEN) programme has accelerated the country’s economic recovery post COVID-19, the economy may still be in recession in the first quarter of this year, given the adverse impact of the pandemic. ​

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.