Manufacturing Exports and Imports
For Indonesia, the most relevant factor is the growth rate of the two world giants, the United States and China. They greatly affect the country’s export and import activities.
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Ari Kuncoro
The International Monetary Fund (IMF) has again revised its global economic forecast. Although the global growth projection for 2021 remains the same at 6 percent, the IMF has raised its forecast for developed countries and revised down its growth estimate for developing countries. The difference in vaccination rates is the key to this growth divergence.
For Indonesia, the most relevant factor is the growth rate of the two world giants, the United States and China. They greatly affect the country’s export and import activities. Although not as dramatic as in the first quarter of 2021, China’s economic growth reached 7.9 percent in the second quarter of 2021. However, the US’s high economic growth compensates for the slowdown in China. US growth in the second quarter of 2021 was recorded at 6.5 percent, up from 6.4 percent in the previous quarter.