Spring Comes to Economic Recovery

The economic improvements show that national economic recovery is on the right track amid the threat of the Covid-19 pandemic, which still shows no signs of ending soon.

A few days ago, Statistics Indonesia (BPS) released the latest data on Indonesia\'s economic growth in the first quarter of 2021, which showed a 0.74 percent year-on-year yoy contraction. On a quarterly basis, however, our economy has improved from contracting 2.19 percent in Q4 2020 to 0.96 percent in Q1 2021.

The data indicates significant improvement, even though our economy is still in a recession. At the same time, this positive trend proves that signs of Indonesia’s recovery are becoming clearer over time.