Indonesia’s economy forecast to grow 5 percent in 2021 hinh anh 1A corner of West Jakarta (Photo: Jakarta Post)

Jakarta (VNA) – The Indonesia’s economy may expand 5 percent in 2021, Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan said at the forum on development prospect 2021 on October 21.

Luhut called for national solidarity to overcome COVID-19 pandemic so as to achieve the growth.

Meanwhile, Chairman of the Employers’ Association of Indonesia (APINDO) Hariyadi Sukamdani said the country’s economy is forecast to inch up between 2.5 and 5.5 percent next year. However, the expansion depends on the availability of COVID-19 vaccine.

Apindo believed that proper application of health care process at workplace as well as in the community will be a key to recover the economy in the time ahead.

He expected the Indonesian government to speed up disbursement of various social aid and fiscal stimulus packages.

According to the Statistics Indonesia (BPS), Indonesia’s GDP contracted 5.32 percent in the second quarter of 2020, and it is predicted to post a contraction of 2.9 percent in the third quarter./.