Minister of Finance (Menkeu) Sri Mulyani is optimistic that the Indonesian economy will grow 5.2 percent to 5.3 percent in 2022, with the possibility of growth in the range of 5 percent in the fourth quarter of last year.
"Our economic growth has also begun to recover and the momentum is strengthening," Sri Mulyani said in a press statement from the Minister regarding the Plenary Cabinet Session, quoted from Antara, Monday, January 16.
At the same time, domestic inflation is still relatively low because food prices have been maintained to stabilize.
According to him, the improvement in Indonesia's economy is increasingly visible due to investments that have recovered, exports that remain high, and import recovery to support the manufacturing industry.
In addition, all sectors of the economy have also recovered, especially sectors that were hit very hard during COVID-19 such as the transportation sector as well as the accommodation and food and beverage sector which had contracted 15 percent and 10 percent.
As for the third quarter of 2022, the two sectors were able to grow 21 percent and 11.3 percent, respectively.
These various recoveries, said Sri Mulyani, caused Indonesia's gross domestic product level (GDP) to be 6.6 percent above the pre-pandemic level, namely in 2019.
"This is a good achievement," he said.
Regionally, added the Minister of Finance, it was also seen that all islands and regions experienced economic recovery. Sumatra managed to grow 4.71 percent, Kalimantan 5.67 percent, Sulawesi 8.24 percent, Maluku 7.51 percent, Bali and Nusa Tenggara 6.69 percent, and Java 5.76 percent.
Therefore, this condition illustrates that the economy occurs in all islands, regions, and sectors. Economic recovery was able to reduce unemployment and poverty from 7.1 percent and 10.2 percent to 5.9 percent and 9.5 percent, respectively.
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