Jakarta, CNBC Indonesia – The Central Statistics Agency (BPS) announced Indonesia’s economic growth data for the second quarter of 2021. The results are not far from market expectations.
On Thursday (5/8/2021), Head of BPS Margo Yuwono reported that the Indonesian economy as measured by Gross Domestic Product (GDP) grew 7.07% in the second quarter of 2021 compared to the same period the previous year (year-on-year/yoy). This is the first positive growth after the previous four quarters always recorded contraction (negative growth).
Meanwhile, compared to the first quarter of 2021 (quarter-to-quarter/qtq), Indonesia’s GDP rose 3.31%.
Collected market consensus CNBC Indonesia expect GDP to grow 6,505% yoy. Then for the whole of 2021, the Motherland’s economy is ‘predicted’ to grow 3.76%.
Version market consensus Reuters produces a projected economic growth of 6.57% yoy in April-June 2021. So, regardless of the source, it seems that market players believe that the Indonesian economy can grow above 6.5%.
(aji / aji)
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