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Economy rebounds to grow 3.69% in 2021
Indonesia’s GDP increased by 3.69 percent last year, supported mainly by a recovery in exports, investment and domestic manufacturing, while government expenditure rose strongly.
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A vendor pulls his cart with a motorcycle along a street in Surabaya on Nov. 22, 2021. (AFP/Juni Kriswanto )
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ndonesia’s economy has rebounded from the recession caused by the COVID-19 pandemic as consumers and businesses resumed activities and a global economic recovery boosted exports.
The GDP rose 3.69 percent in 2021 from the preceding year, driven largely by a rebound in investment, Statistics Indonesia (BPS) reported on Monday.
“The driver is a combination of improvement in health care and mobility and the sustained global economic recovery, as well as the fiscal stimulus,” BPS head Margo Yuwono said in an online press briefing on Monday.
In 2020, Indonesia plunged into its first recession since the Asian financial crisis, as the GDP contracted by 2.07 percent from a year earlier due largely to the mobility restrictions, especially in Java.
