TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsApindo expects 4-5% economic growth in 2022
The Indonesian Employer Association (Apindo) expects the country’s economic growth to pick up to between 4 and 5 percent in 2022, while inflation remains lower than 3 percent.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
The chairman of Indonesia’s Hotel and Restaurant Association (PHRI), Hariyadi B. Sukamdani, talks to the press on the impact of the coronavirus epidemic on tourism in Jakarta on March 12, 2020. (JP/Riza Roidila Mufti)
T
he Indonesian Employers Association (Apindo) is expecting the country’s economic growth to pick up in 2022 on the back of policy reforms, government support and vaccination campaigns.
Apindo chairman Hariyadi Sukamdani said Thursday that the association expected gross domestic product (GDP) to grow by between 4 and 5 percent next year. This outlook hinged not only on pandemic containment but also on government support that may need to vary from one sector to another.
“The projection range is based on, first, the economic recovery that has improved gradually and quite consistently in 2021, partly because of social protection and the national economic recovery program,” he said in a press briefing.
“Second, the vaccination [program] is [going] fairly good, although regions outside Java and Bali are still lagging behind.”
The outlook came following the global emergence of the Omicron variant of COVID-19, which has not resulted in any reported deaths so far but has raised the odds of Indonesia tightening mobility restrictions and raising relief spending.
Read also: Omicron variant casts shadow over Indonesia's economic recovery
The outlook will mark a faster growth than this year, which Apindo estimates at between 3 and 3.75 percent.
