OECD Predicts Indonesia to Lead Asia's Economy in 2022

Economics & Macro

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Andrea Lidwina 10/03/2021 15:03 WIB

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The OECD predicts Indonesia's economic growth to be 5.4% in 2022. This figure is equal to India's and is the highest in Asia.

OECD's 2022 Projection of Asian Economic Growth

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OECD Predicts Indonesia to Lead Asia's Economy in 2022

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OECD's 2022 Projection of Asian Economic Growth

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The Organisation for Economic Co-operation and Development (OECD) predicts that Indonesia's economic growth will reach 5.4% in 2022. This figure is equal to India's and is the highest in Asia.

China's economy is projected to grow by only 4.9% in the next two years. Saudi Arabia, South Korea, and Turkey are in the 3% range, while Japan is expected to grow by 1.8%.

Meanwhile, the OECD's projection for global economic growth is 5.6% in 2021, better than the December 2020 figure of 4.2%. This improvement was driven by the rapid rollout of Covid-19 vaccination programs and the potential for economic recovery in the United States.

Editor : Dimas Jarot Bayu

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."