The government expects GDP growth in the final quarter of this year to exceed 5 percent, thanks to eased mobility restrictions and a recovering global economy.

Finance Minister Sri Mulyani Indrawati said on Tuesday that the domestic economic recovery had strengthened following the interruption by the Delta COVID-19 variant in July and August.

Growth in consumer spending, exports, production and more had accelerated though the fourth quarter, she said.

“For 2021, we estimate our GDP growth to reach 3.5 to 4 percent, with annual GDP growth in the fourth quarter projected to be above 5 percent. The acceleration seems to remain strong,” Sri Mulyani said during the monthly state budget press conference.

The country’s COVID-19 response helped bring down the virus caseload, which in turn allowed for economic activity to resume.

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Sri Mulyani asked the public and businesses to continue to behave responsibly so as not to spoil the improved COVID-19 situation, especially amid the increasing threat posed by the Omicron variant.

Read also: Omicron discovery could delay economic recovery

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