WB predicts Indonesia’s growth at 5.2 percent in 2022

The World Bank (WB) forecast Indonesia’s economic growth will rebound to 5.2 percent in 2022.

Wednesday, January 12, 2022 15:51

WB predicts Indonesia’s growth at 5.2 percent in 2022 ảnh 1

Indonesia is projected to record a growth rate of 5.2 percent this year (Photo: AFP)

Jakarta (VNA) – The World Bank (WB) forecast Indonesia’seconomic growth will rebound to 5.2 percent in 2022.

In the latest Global Economic Prospects report released onJanuary 11, the WB said the expansion of the largest Southeast Asian economywill be supported by strongerdomestic demand and elevated commodity prices.

Meanwhile,the growth is predicted to inch down to 5.1 percent in 2023.

The WB estimated Indonesia’s 2021 growth at 3.7 percent, unchangedfrom the previous forecast issued in December last year.

Italso emphasised risks that may undermine economic growth prospects due to thesensitivity to the spread of the new coronavirus variant Omicron though manycountries in the region are expected to reach a vaccine coverage rate of 70percent by mid-2022./.

VNA

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