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View all search resultsThe World Bank has revised down its economic growth outlook for Indonesia by 0.7 percentage points to 3.7 percent for this year following the recent outbreak of the Delta variant of the coronavirus but has increased next year’s forecast by 0.1 percentage points to 5.2 percent.
The IMF has revised down its growth forecast for several countries, many of which saw a surge in COVID-19 cases through June, including Indonesia. The fund's July outlook shows that the some countries are recovering from the pandemic faster than expected and others more slowly, with divergent vaccination rates the contributing factor.
A new World Bank report suggests Indonesia’s economy is more vulnerable than previously assumed with greater risk to the downside should the vaccine rollout, consumer confidence or labor market recovery take longer than expected.
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