Key Global Bodies Forecast Indonesia’s Economic Growth at 4.5% for 2021: President of Indonesia

The President of Indonesia, Joko Widodo (Jokowi) announced that several international organisations, including the International Monetary Fund (IMF), World Bank and Organisation for Economic Cooperation and Development (OECD), have forecast a growth of 4.5% for Indonesia’s economy in 2021.

Why it matters?

At the Consumer News and Business Channel (CNBC) Indonesia Economy Outlook forum held on the 25th of February 2021, Jokowi emphasised that Indonesia had the tools and resources in place to achieve this target and that it was the responsibility of the nation to unite in tackling the health crisis, strive for growth and through these measures, exceed expectations. The President added that Indonesia’s economy is in ‘the...