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Monday, 08 August 2022 10:22

Indonesia's Economy Continues to Improve

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The Central Statistics Agency reported that the Indonesian economy in the second quarter of 2022 grew by 5.44 percent on an annual basis (year on year). This realization continued positive growth in the first quarter of 2022 which was 5.01 percent. Meanwhile on a quarterly basis, the Indonesian economy grew 3.72 percent. Thus, cumulatively from January to June 2022, Indonesia's economic growth was 5.23 percent compared to the same period in 2021. Head of the Central Statistics Agency, Margo Yuwono pointed out in Jakarta last Friday (5/8) that Indonesia's economic growth is influenced by a number of indicators both domestically and globally. One of them is the economic growth of major trading partners in the second quarter of 2022.

Chairman of the Budget Agency of the House of Representatives, Said Abdullah stated that the economic growth in the second quarter of 2022 is a very good capital for Indonesia to face external pressures that seem to be facing high commodity prices. He really appreciates the achievement of economic growth. He also remarked that the business sector, which contributes to economic growth, is moving again due to the success of controlling COVID-19. So, people's mobility may recover as before the pandemic. External pressures due to the war in Ukraine and Russia that broke out at the end of February 2022 are still well managed and mitigated by the Indonesian government. In the future, Said hopes that there are several things that need to continue to be the focus of attention by trying to control inflation and the pandemic even though the price is not cheap. Because the 2022 State Budget funds are very large to maintain household purchasing power, especially in the food and transportation sectors.

Meanwhile, Minister of Finance, Sri Mulyani Indrawati said in Jakarta last Friday (5/8) that the realization of the national economy in the second quarter of 2022 which grew 5.44 percent had put Indonesia in a good position in which many countries were under pressure. She also emphasized that Indonesia is in a good position. This means that demand and supply are maintained and inflation is restrained due to the provision of subsidies by the government. Minister Sri Mulyani added that the 5.44 percent economic growth is a positive achievement, considering that inflation in other countries is very high.

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