WB, IMF reduce economic growth projections for Indonesia in 2021
Indonesia’s economy will expand by 4.4 percent in 2021, the World Bank forecast in its January Global Economic Prospect report.
People wearing face masks to avoid COVID-19 infection on a street in Jakarta, Indonesia, on August 19, 2020 (Photo: Xinhua/VNA)The figure is 0.4 percentage point lower than the WB’s projection in June 2020.
Meanwhile, the International Monetary Fund (IMF) cut Indonesia’ economic growth projection in 2021 to 4.8 percent, down 1.3 percentage point compared to its forecast last October.
According to world economic exports, the reason for the adjustment of both WB and IMF is that the COVID-19 pandemic continues posing risks for the local economy, just like for the global economy.
The number of infections in Indonesia has exceeded one million, and does not show signs of decline.
The country’s application of social distancing measures to contain the spread of the coronavirus will continue hindering economic activities, at least in the first quarter of 2021./.
You should also see
Semiconductor workforce development a breakthrough: PM
Human resources development in semiconductors should be considered a breakthrough in personnel training, Prime Minister Pham Minh Chinh said at a conference in Hanoi on April 24.
See more
ASEAN
UK supports ASEAN’s economic integration
The UK delegation to ASEAN held a seminar in Jakarta, Indonesia on April 24 to discuss the ASEAN-UK economic integration programme.
World
Cambodia, Laos vow to boost bilateral ties
Cambodia and Laos vowed to boost their bilateral relations and cooperation for mutual benefits during Lao President Thongloun Sisoulith’s State visit to the neighbouring country on April 23-24.
World
Bank Indonesia raises interest rates to highest level in 7 years
Bank Indonesia (BI) on April 24 raised interest rates to their highest level in seven years.
World
Rail connects Vientiane, China's Guizhou province
The Guiyang-Laos tourist train will be launched on 8 May, signifying a pivotal step in boosting tourism and cultural ties between China and Southeast Asia.
ASEAN
ASEAN Future Forum 2024 looks to ensure comprehensive security for community
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
