Jokowi's Staff Believes That The Fourth Quarter Of The Indonesian Economy Is More Vibrant, Even Though The Pandemic Is Not Over Yet

JAKARTA - Presidential Special Staff (Staffsus) for Economic Affairs Arif Budimanta said Indonesia was able to maintain a positive growth trend in the third quarter of 2021 (July-September) even though during that period the government had to implement Emergency PPKM followed by level PPKM.

"Indonesia managed to maintain economic growth in the positive zone at the peak of the COVID-19 pandemic in July-September 2021," Arif said, quoted from Antara, Friday, November 5.

As announced by the Central Statistics Agency (BPS) this Friday morning, the Indonesian economy in the third quarter of 2021 grew 3.51 percent year on year (yoy) and 1.55 percent quarterly (quarter to quarter/qtq).

Arif said that with economic growth of 3.51 percent (yoy) amid the implementation of PPKM, it indicated that the community was starting to adapt to activities in the midst of the COVID-19 pandemic. This is a strong asset for future economic recovery, even though the COVID-19 pandemic is not over yet.

According to BPS, household consumption grew 1.03 percent (yoy) in the third quarter of 2021, government consumption grew 0.66 percent, and Gross Fixed Capital Formation (PMTB) grew 3.74 percent. Then, exports grew significantly, namely 29.16 percent, but lower than imports which grew by 30.11 percent.

Arif believes the economy will be more vibrant in the fourth quarter of 2021, after the policy on people's mobility restrictions begins to be relaxed.

This is also reinforced by the condition of the COVID-19 pandemic which continues to subside. The current vaccination rate in Indonesia has reached almost 60 percent for the first dose of injection and 37 percent for the second dose of injection.

"Nevertheless, we must remain vigilant that the pandemic situation is not yet fully over and the public must continue to consistently maintain health protocols so that the achievements and direction of recovery that we have achieved can continue to run better and the risk of limiting economic activity due to the increase in COVID-19 cases is not reduced. happening again," he said.