Indonesia's Economy Predicted to Improve in the Second Quarter of 2021

Economics & Macro

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Cindy Mutia Annur 14/10/2020 07:20 WIB

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Bank Mandiri's research predicts that Indonesia's economy improved in the second quarter of 2021, with growth reaching 5.15%.

Indonesia's Quarterly Economic Growth Forecast 2020-2021 (Mandiri Securities, September 2020)

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Indonesia's Economy Predicted to Improve in the Second Quarter of 2021

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Indonesia's Quarterly Economic Growth Forecast 2020-2021 (Mandiri Securities, September 2020)

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The Bank Mandiri Office of Chief Economist Group (OCE) report predicts that the Indonesian economy will likely only recover to pre-Covid levels in the second quarter of 2021. They project Indonesian economic growth of 5.15% during that period.

In the second quarter of 2020, the Central Statistics Agency (BPS) recorded a 5.32% contraction in Indonesia's economic growth. The OCE Bank Mandiri predicts a 1.51% contraction in Indonesian economic growth in the upcoming third quarter.

In the first quarter of 2021, this Bank Mandiri research institution predicts Indonesian economic growth will reach 2.54%.

Editor : Muhammad Ahsan Ridhoi

"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."