BI: Economic Growth This Year In The Range Of 4.7-5.5 Percent

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JAKARTA - Bank Indonesia (BI) projects that national economic growth in 2022 will be in the range of 4.7 to 5.5 percent, with support from stronger private consumption, solid export performance, and better investment as a result. main support.

This growth projection is also supported by increased community mobility, faster launch of vaccination programs, reopening of economic centers, as well as ongoing policies.

"The projection (of economic growth) is like that. Then the main sectors such as the manufacturing industry, trade, construction, and agriculture will also gain economic momentum this year," said Deputy Governor of Bank Indonesia (BI), Juda Agung, Deputy Governor of Bank Indonesia. Indonesia (BI) Juda Agung, as reported by Antara, Monday, March 14.

In addition, according to Juda, the tourism sector is also expected to start the momentum by normalizing mobility, especially with the Moto GP event in Mandalika, Lombok.

On the other hand, Juda also said that the halal industrial economic sector continues to show its resilience during the pandemic. This includes the sharia business which grew positively on the basis of recovery, in line with the increase in national business activities.

Based on the recent Global Islamic Economic Report, Indonesia's ranking in the development of the Islamic economic and financial ecosystem has increased significantly compared to 2018.

"This shows that Indonesia has a significant acceleration and development of the sharia economy and especially in the halal industry," said Juda.

Meanwhile, regarding the medium and long term prospects, BI also believes that the Indonesian economy will return to a higher path.

This prospect is supported by an improvement in the global economy, an increase in domestic productivity as a result of structural reforms including accelerated reform of the digitalization of the economy, state finances, and primary markets, as well as strengthening the small and medium business sector.

"The development of the sharia economy and halal finance, including the halal industry, also greatly contributes to the overall economic performance," said Juda.