Indonesia's economy to grow by 5.2% in 2022: World Bank
Jakarta
17-December-2021
The World Bank has estimated that Indonesia's economy would grow by 3.7
per cent in 2021 and by 5.2 per cent in 2022, if there would be no other
severe waves of the Covid-19 pandemic and the country's vaccination
rate continues to be high.
The World Bank sees Indonesia's
economy would continue to recover with various sources of growth, the
global lender's leading economist for Indonesia and Timor Leste, Habib
Rab, said at a virtual launching of a report on Jakarta's economic
prospect.
However, inflation was expected to increase in the next
few months and may reach 2.2 per cent in 2022, he said, adding that
Indonesia can be different from the global trend in which inflation
would soar to a high level.
With this positive outlook, there is still a lot of uncertainty and risks of the long-term impact of Covid-19 for Indonesia, such as an increase in unemployment, a decrease in investment, and a decline in potential growth, he added. - IANS
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