JAKARTA, Oct 9 (Reuters) – Indonesia’s finance minister said on Thursday he expected economic growth to rise to 6% thanks to a recent liquidity injection of 200 trillion rupiah ($12.09 billion), most of which had already been disbursed as loans by banks.
Southeast Asia’s largest economy has faced a slow rebound since the COVID-19 pandemic, and though growth has been steady at around 5%, it has struggled to accelerate further and has failed to keep up with the expanding population.
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Speaking at a conference in Jakarta, Purbaya Yudhi Sadewa said signs of the economic impact of last month’s injection would hopefully be seen in the fourth quarter of this year, when growth would top 5.5% before rising to 6% next year.
A fast-growing economy and a favourable investment climate would lead investors to flock to Indonesia, Purbaya said.
Indonesia finance minister expects growth of 6% after $12 billion liquidity injection
