OCBC Predicts 5% Indonesian GDP Growth In 2022

Bank Indonesia has projected GDP growth to be more than 4.5% in the fourth quarter of the year, after growth slowed the previous quarter due to pandemic restrictions. To support the nation’s economic recovery efforts, the central bank has also kept interest rates at a record low of 3.5 per cent for now. Is the worst over for the Indonesian economy as we head in 2022? Economist Wellian Wiranto weighs in. Image credit: Bloomberg