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Indonesia Economic

The skybridge, which integrates the Transjakarta CSW Bus Stop with the Asean MRT Station, Jakarta 27 December 2021. Indonesia’s economy is expected to grow by 3.5% in 2021 and by 4.8% in 2022 amid the coronavirus (COVID-19) pandemic, according to a report released by the Asian Development Bank (ADB). Inflation has remained subdued and is expected to reach 1.7% this year, lower than ADB’s April projection of 2.4%, due to the slower economic recovery. As growth rises next year, inflation will edge up close to its prepandemic rate of 3.0%, within Bank Indonesia’s target of 2%–4%. The current account deficit is projected to be about 0.5% of GDP in 2021 and 0.9% in 2022. (Photo by Afriadi Hikmal/NurPhoto)

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