Government Measures to Mitigate Covid-19 Risk
Outlook of Domestic Economy Remains Robust
...domestic economic growth is predicted to rebound in 2021
2021 Economic Outlook
• Bank Indonesia projects economic growth in 2021 at the range 4.3-5.3%.
Bank Indonesia projects Inflation in 2021 to remain under control and within the 3.0%±1% target corridor.
• Bank Indonesia projects the current account deficit at 1.0-2.0% of GDP in 2021, thereby supporting external sector resilience
in Indonesia.
● Bank Indonesia projects credit growth in 2021 will be around 5.0-7.0%
LOAN
π
Rp
Economic Growth
Inflation
CAD (% of GDP)
Credit Growth
2018
Realisation
5.17%
3.13%
2.98%
11.75%
2019
5.02%
2.72%
2.71%
6.08%
Realisation
2020
Realisation
-2.07%
1.68%
0.4%
-2.4%
below
2021
4.3 - 5.3%
1.0 - 2.0 %
5.0 - 7.0%
3.0±1%
Source Bank Indonesia
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