JAKARTA - Minister of Finance Sri Mulyani Indrawati predicts that the economy in the second quarter of 2021 will be able to grow by around 7.1 percent to 8.3 percent as the economic recovery is increasingly seen both in terms of production and demand.
"Our second quarter projection is in the range between 7.1 percent to 8.3 percent," said Minister of Finance Sri Mulyani in a meeting with Commission XI of the House of Representatives in Jakarta, quoted from Antara, Tuesday, May 25.
Sri Mulyani details that household consumption growth will recover to 6 percent to 6.8 percent in the second quarter of 2021 due to the momentum of the holiday and the sustainability of pen program implementation.
Government consumption is expected to grow high by 8.1 percent to 9.7 percent in line with pen implementation and more normal public service activities compared to the same period last year.
As for investment growth, Sri Mulyani predicts that it will reach 9.4 percent to 11.1 percent supported by the direction of business expansion and the continuation of government infrastructure projects.
Exports will also grow high supported by the global economic recovery and increased demand for key commodities, which is expected to reach 14.9 percent to 19.7 percent.
Similarly, imports are predicted to grow by about 13 percent to 19.7 percent, indicating a recovery in domestic demand and supporting production and investment needs.
Sri Mulyani also hopes that the economic recovery in the third and fourth quarters of 2021 will be more pronounced so that it can reach the government's growth target of 4.5 percent to 5.3 percent this year.
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