The National Development Planning Agency (Bappenas) in a virtual meeting on Thursday has officially projected Indonesia’s 2022 economic growth to be between 5.4 to 6 percent. The government’s work plan is focused on the national post-pandemic economic recovery.

“The IMF along with a number of international institutions have predicted that Indonesia’s economy will recover in 2022. So, in 2022 Indonesia’s growth is expected to recover by a conservative 5.4 percent” said Bappenas Minister Suharso Monoarfa in the central development coordination meeting.

Suharso also said that Indonesia would need to see investment growth to catch up with the significant projection.

He said 80 percent investments is projected to come from the private sector worth up to Rp4,857 trillion whereas investments from SOEs is expected to be 8.5-9.7 percent, while government investments is hoped to reach Rp439.4-497 trillion or 7.5-8.4 percent.

The number of open unemployment in 2022 is also expected to come down to the level of 6.2 percent and poverty levels to improve to 8.5-9 percent. The Bappenas head said Indonesia has prepared a strategy to escape the middle income trap in 2036 and ambitiously set a goal to become a developed country by 2045.

Source : https://en.tempo.co/read/1457544/bappenas-projects-6-percent-economic-growth-in-2022