G20 Summit Value Observers Are The Peak Of The Global Economic Recovery Momentum

Illustration (Photo: Doc. Antara)

JAKARTA - Jember University economic observer Adhitya Wardhono assessed that the G20 Summit activities in Nusa Dua, Bali, are the peak of the momentum of global economic recovery.

"By carrying the theme 'Recover Together, Recover Stronger', this activity has a significant impact on Indonesia, especially on the global and domestic economy in the future," said Adhitya, quoted from Antara, Tuesday, November 15.

At the G20 Summit, he continued, there were many heads of state present and the countries with the largest economies in the world, meaning that these countries are the most influential countries in the world today.

"So through this presidency, of course, Indonesia has the opportunity to manage and also contribute to the direction of global economic strategies and policies, especially in the midst of conditions full of uncertainty (tradwars, supply chain disruptions, inflation and monetary tightening)," he said.

According to him, the existence of stable economic conditions and a conducive economic climate as well as the economic potential offered by Indonesia will provide more trust for global economic actors.

"What is expected is a big boost in capital inflows to Indonesia. Another impact of the trust caused is the strong indicators of Indonesia's macroeconomics such as the rupiah exchange rate which must be pursued in conjunction with economic recovery," said Adithya.

From the domestic side, he continued, the series of G20 events had an impact on various economic sectors, one of which was the tourism sector due to the darkness of the tourism sector due to COVID-19 as if given fresh air with the G20 Summit in Bali.

"Undeniably, it is a golden opportunity to introduce other domestic tourism potentials more straightforwardly. Moreover, Indonesia is also known as one of the stunning world tourism axes," he said.

According to Adhitya, this is a necessity for the long impact of the G20, namely the rapid growth of the national tourism sector which will also fuel the national economy in the future.

"On aggregate, the G20 event in Indonesia has an impact on the movement of national economic growth. The impact that our GDP seems to have grown impressively in the two quarters," he said.

Adhitya explained that economic growth in the second quarter was recorded at 5.44 percent and in the third quarter it grew 5.72 percent, so that signal became bright and promising while still growing above 5 percent amid global economic unrest.