Indonesia's economy projected to grow 2.1 pct in Q1
Source: Xinhua | 2021-02-06
Indonesia's economy is projected to grow between 1.6 percent and 2.1 percent in the first quarter of 2021, Coordinating Minister for Economic Affairs Airlangga Harharto said Friday.
The Indonesian government has set an economic growth target of between 4.5 percent and 5 percent in 2021, and expects to see a growth between 1.6 percent and 2.1 percent in the first quarter, the senior minister told a virtual press conference.
Hartarto said the growth is expected to be achieved through the government's efforts to encourage household consumption in the country.
According to him, the government still has several tasks this year to complete in order to maintain economic recovery, including boosting exports and imports.
Export demands are growing, according to him, especially from the Southeast Asian country's major trading partners including China, the United States, and the European Union.
The minister added that Indonesia's export has been affected by a lack of containers for shipment, and that the problem will soon be resolved.
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