Jakarta: Finance Minister Sri Mulyani Indrawati claims the Indonesia economy has returned to pre-pandemic levels in the second quarter of 2021. In fact, compared to other countries, no real GDP has returned to the pre-covid state.
In the second quarter of 2021, Indonesia's real GDP was recorded at IDR 2,773 trillion or higher than the second quarter of 2019 of IDR 2,735 trillion. While Indonesia's economic growth in previous period was 7.07 percent year on year (yoy).
"This is something we need to be grateful for, we saw the second quarter with a rebound and recovery, not all countries managed to recover to the pre-covid level," she said in a meeting with the House of Representatives Commission XI, Monday, August 30, 2021.
In her presentation, Sri Mulyani compared Indonesia with Malaysia, the Philippines, Singapore, Thailand, and the United States (US). Even though their economic is growing, their real GDP has not returned to what it was before the pandemic.
"Even with a rebound off 16 percent, 11 percent or even seven percent or 14 percent, they haven't even reached pre-covid,” she said.
Sri Mulyani added, these various developments will certainly be the basis for the government in making future policies. Even so, the former World Bank Managing Director said that the government would remain vigilant and careful with the developments of the covid-19 pandemic.
"This is something we have to look at. Because in the future we will still look at drive by data, and we will try to design policies based on what data describes the situation we are facing," she added.
In the second quarter of 2021, Indonesia's real GDP was recorded at IDR 2,773 trillion or higher than the second quarter of 2019 of IDR 2,735 trillion. While Indonesia's economic growth in previous period was 7.07 percent year on year (yoy).
"This is something we need to be grateful for, we saw the second quarter with a rebound and recovery, not all countries managed to recover to the pre-covid level," she said in a meeting with the House of Representatives Commission XI, Monday, August 30, 2021.
In her presentation, Sri Mulyani compared Indonesia with Malaysia, the Philippines, Singapore, Thailand, and the United States (US). Even though their economic is growing, their real GDP has not returned to what it was before the pandemic.
"Even with a rebound off 16 percent, 11 percent or even seven percent or 14 percent, they haven't even reached pre-covid,” she said.
Sri Mulyani added, these various developments will certainly be the basis for the government in making future policies. Even so, the former World Bank Managing Director said that the government would remain vigilant and careful with the developments of the covid-19 pandemic.
"This is something we have to look at. Because in the future we will still look at drive by data, and we will try to design policies based on what data describes the situation we are facing," she added.
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