VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

Head of the Indonesian Institute of Sciences (LIPI) Economic Research Center Agus Eko Nugroho said that Indonesia's economic growth in 2021 will greatly depend on the success of the Covid-19 vaccination, which is currently being echoed by the government.

In a webinar with the theme Reflections on Indonesia's Economy in the 2020 Pandemic Period and 2021 Economic Recovery Efforts which were held virtually, Thursday (17/12/2020), Agus Eko Nugroho said that the success of Covid-19 vaccination would be able to boost Indonesia's economic growth, including increasing people's purchasing power again. 

"Economic growth will experience a movement which depends on how the vaccine is available. And this is what I think the government needs to pay attention to where the presence of vaccines will boost consumption expectations," he said.

"This is what I think from there. If we observe the growth, say 50 percent vaccine, there will be quite significant economic growth, which is around 3-37 percent," he added.

"And if for example, we can boost up to the existence of 3-5 vaccines it could reach 4 percent as an achievement. And this assumes that human movement and expectations of consumption will be significant," Agus said.

Furthermore, Agus Eko Nugroho also conveyed that efforts to maintain economic stability during a pandemic require public compliance with health protocols.

Apart from that, an economic stimulus is also needed to boost household consumption and prevent an increase in the unemployment rate. (voi/ndy)