Deputy Governor of Bank Indonesia (BI) Juda Agung said the Indonesian economy will return to a higher path in the medium term. This prospect is supported by an improvement in the global economy, an increase in domestic productivity as a result of structural reforms including accelerated reform of the digitalization of the economy, state finances, and primary markets, as well as strengthening the small and medium business sector. "The development of the sharia economy and halal finance, including the halal industry, also greatly contributes to overall economic performance," said Juda at the Indonesia Halal Markets Business Forum event which was monitored online in Jakarta, Monday. Indonesia's economic growth is expected to pick up in 2022 and grow in the range of 4.7 % to 5.5 %, supported by stronger private consumption, solid export performance, and better investment.
He said that the projected growth was also supported by the increase in community mobility, the faster launch of vaccination programs, the reopening of economic centers, and ongoing policies. Major economic sectors such as manufacturing, trade, construction and agriculture will gain economic momentum this year. "We also hope that tourism will start the momentum by normalizing mobility, especially with the Moto GP event in Mandalika, Lombok," he added. Recovery base, in line with the increase in national business activity. Based on the recent Global Islamic Economic Report, Indonesia's ranking in the development of the Islamic economic and financial ecosystem has increased significantly compared to 2018. This shows that Indonesia has a significant acceleration and development of the Islamic economy and particularly in the halal industry.
