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Investor Presentaiton

Indonesia GDP Growth Strong GDP Growth' %yoy 6.0 4.0 2.0 0.0 -2.0 2.97 -0.74 -2.19 -3.49 II III IV I 2020 2021 8.80 7.40 6.10 4.00 • National economic improvements observed since the third quarter of 2020 have persisted, with data published by BPS-Statistics Indonesia confirming a shallower - 0.74% (yoy) contraction in the first quarter of 2021 compared with -2.19% (yoy) in the fourth quarter of 2020. Domestic economic recovery momentum is building on the back of rapid external sector gains in response to the stronger global economic recovery and ongoing acceleration of fiscal stimuli. • Economic gains in Indonesia have been recorded across nearly all GDP components on the expenditure side and economic sectors. Exports expanded for the first time since the Covid-19 pandemic befell Indonesia primarily driven by demand in Indonesia's main trading partners, namely China and the United States. Meanwhile, positive external sector developments and stronger investment performance edged up import growth. Government consumption accelerated in line with the realisation of fiscal stimuli in the form of procurement, capital spending and social assistance disbursements. Investment is also showing signs of improvement, recording a shallower -0.23% (yoy) contraction compared with -6.15% (yoy) in the previous period. On the other hand, consumption in the household sector and non-profit institutions serving households (NPISH) remains subdued respectively given the mobility restrictions ongoing in several regions. By sector, most economic sectors are seeing improvements, led by Information and Communication. Water Supply as well as Health Services. • 2021 Economic recovery will be strengthen and supported by global economic recovery. fiscal and monetary stimuli, implementation of the vaccination program, coupled with the disciplined application of Covid-19 protocols, and credit and bank financing support. Macroeconomic and financial system stability remains solid. Growth Prospect -4.0 -6.0 2016 ||||||IVI II III IV I 2017 III IV I II III IV I 2018 2019 Favourable GDP Growth Compared to Peers² %yoy 10.00 5.00 0.00 -5.00 Bulgaria -Indonesia Colombia Philippines India -10.00 -15.00 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021" 1. Source: Central Bureau of Statistics of Indonesia (BPS), **Including non-profit household consumption 2. Source: World Economic Outlook Database-October 2020;* indicates estimated figure Institutions 2021 GDP growth (% YoY) 2021 Budget 5.0 Bank Indonesia 4.1-5.1 IMF (WEO, Apr 2021) 4.3 World Bank (Global Economic Prospects, Jan 2021) 4.4 ADB (ADO, Apr 2021) 4.5 Consensus Forecast (Apr 2021) 4.4 Invest In Innovation 7 Unlocking The Future
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