IMF Projects Indonesia's Economy to Grow 5.9% in 2022

Economics & Macro

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Dwi Hadya Jayani 13/10/2021 13:40 WIB

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The IMF projects Indonesia's economic growth at 5.9% in 2022. However, this figure remains the second lowest among the five Southeast Asian countries.

Southeast Asian Economic Growth (2020-2022)

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IMF Projects Indonesia's Economy to Grow 5.9% in 2022

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Southeast Asian Economic Growth (2020-2022)

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The global economy, including Indonesia's, is recovering from the COVID-19 pandemic. The International Monetary Fund (IMF) projects Indonesia's economic growth to reach 3.2% this year.

Indonesia's economy is further predicted to grow by 5.9% in 2022. However, this remains the second lowest among the five Southeast Asian countries.

The IMF estimates that Vietnam will have the highest economic growth in Southeast Asia. In 2021, Vietnam's economy is projected to have grown by 3.8%, increasing to 6.6% in 2020.

The Philippines is in second place with economic growth of 3.2% in 2021 and 6.3% in 2022. Malaysia's economy is projected to grow by 3.5% in 2021 and 6% in 2022.

Thailand is in last place with economic growth of 1% in 2021, increasing only to 4.5% in 2022.

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."