
In its report, Morgan Stanley said Indonesia’s economic recovery will be drivenby domestic and foreign demand.
According to Morgan Stanley’s Asia Economist Deyi Tan, Indonesia’s economic growth in 2021 couldnot be separated from the achievement of economic growth per quarter.
In the first quarter of 2021, Indonesia’s economic growth was still recorded atnegative 0.7 percent year-on-year.
Morgan Stanley predicts that economic growth of the Southeast Asian countrycould soar to 6.5 percent year-on-year in the second quarter, but will declineslightly to 6.3 percent, and 6.2 percent in the third and fourth quarter of2021, respectively.
Morgan Stanley also revised its projection foreconomic growth in ASEAN member countries to 5.4 percent from 7.4 percent in2021./.