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Road to Economic Recovery 2021 is Underway

Posted 26 days ago by Lana Bowman

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Indonesia's economy is believed to clock a nearly seven-percent growth in the 2021 second quarter following an upward trend in the realization of foreign direct investments and consumer confidence index.

As of March 2021, the realization of foreign direct investments had reached 54.6 percent, while the consumer confidence index of those, with expenses below Rp5 million, was recorded at 90.1 or had inched towards the normal zone of 100.

A positive trend was also apparent in Indonesia's exports and imports, gross fixed capital formation (GFCF), and government spending. A surge in commodities, such as palm oil, rubber, nickel, copper, and coal, had also bolstered the government's endeavors to facilitate economic recovery.

The rising prices of those commodities had helped improve several regions' economic conditions during the first quarter of 2021.

A positive trend was observed in the economic conditions in the islands of Sumatra and Java, with growth rates of 0.86 percent and 0.83 percent, respectively.

 

(Source: Antara News)

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