Enrico Tanuwidjaja
Economist at UOB
AS LAST YEAR, our round-table on the economic outlook for 2022 was held against a backdrop of uncertainty. Green shoots of an economic recovery were seen in the strong growth rebound of the second quarter of 2021, but these gave way to concerns for a sustained recovery during 2021 as mutations in the COVID-19 virus spread rapidly and caused the government to have to introduce more severe public activity restrictions (PPKM) in July. Whilst recent weeks have seen positive progress in controlling further spread within the population, PPKM remain in place at the time of writing, some three months after they were first introduced, impacting the third quarter as the manufacturing sector particularly was badly hit, and leading to a downgrading of the growth outlook for the year.
This story is from the October 2021 edition of Forbes Indonesia.
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This story is from the October 2021 edition of Forbes Indonesia.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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