Government Trims Indonesia Growth Forecasts Following Emergency Covid Measures

"The government sees that the seven percent growth can still be achieved in the second quarter because the Emergency PPKM has just started [in early July]. We will continue to monitor the spread of the new Delta strain," said Airlangga.

However, the minister hoped the public confidence could recover in the fourth quarter of 2021.

The condition of the Covid-19 pandemic in Indonesia has deteriorated with over two million Covid-19 cases and the daily number of people who contract the virus continues to increase. The number of new Covid-19 cases in 24-hour reached more than 29,000, the highest record number since the first two cases were detected in March 2020.

Indonesia has imposed the emergency PPKM from July 3-20 in 122 districts across Java and Bali, where the caseload of Covid-19 cases continues to climb. 

(Writer: Yohana Artha Uly | Editor : Erlangga Djumena)

Source: https://money.kompas.com/read/2021/07/06/083800026/ada-ppkm-darurat-pemerintah-proyeksi-pertumbuhan-ekonomi-2021-hanya-3-7-persen