There is a Vaccine, Sri Mulyani Believes that the Economy is Classy This Year

1 – The vaccination program that has been running since the beginning of this year has made Finance Minister Sri Mulyani Indrawati believe that this year’s economic growth will be classy.

He also believes that economic growth in 2021 will be in the range of 4.5-5.3 percent.

“Some of the reasons that support economic recovery are the vaccination program,” Sri Mulyani said in a virtual press conference for our APBN in Jakarta, Tuesday (23/2/2021).

Currently, the economic condition has shown an extraordinary recovery trend, in which he said a number of economic indicators have shown a positive trend and the outcome will have an impact on economic growth.

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“This will continue to have a high acceleration in the second quarter, third quarter, until the end of the year,” he said.

He also gave an example that the domestic economic recovery is starting to be positive again, as did electricity consumption which grew 6.2% YoY in January 2021.

Household consumption grew 46.3 percent of total electricity consumers, which grew 22.4 percent in January 2021.

Meanwhile, industrial electricity consumption still grew negatively at -1.6 percent. On a monthly basis, there was a growth of 2.1 percent.

“This is according to Google Mobility Report data, the residency is 10.8 percent higher on an annual basis compared to normal conditions. Meanwhile, industrial electricity consumption grows negatively by minus 1.6 percent, on a monthly basis it grows 2.1 percent,” he concluded.

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