Ample Room for Economic Growth
The Indonesian economy underwent 2.07 percent contraction in 2020. For this year’s growth according to its target, plenty of room and opportunities are in store.
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Business activities in a shopping center in Ancol. North Jakarta, Saturday (6/2/2021). The Central Statistics Agency recorded Indonesia\'s economic growth of minus 2.07 percent in 2020.
The Indonesian economy underwent 2.07 percent contraction in 2020. For this year’s growth according to its target, plenty of room and opportunities are in store.
Despite the negative growth, based on data of Statistics Indonesia (BPS) last week, there was economic improvement with the gradually decreasing contraction from 5.32 percent negative in quarter II-2020 to 2.19 percent negative in the fourth quarter. Indonesia still has ample room for growth in line with the target of 4-5.2 percent because not all sources of growth have yet been optimally exploited. Indonesia possesses favorable initial capital, made up of monetary stability and the low 2020 inflation rate of 1.68 percent.