"Our economic growth has also started to recover and the momentum is strengthening,” she said in a press statement in relation to the plenary cabinet meeting, which was followed online from Jakarta on Monday.
At the same time, domestic inflation is still relatively low because food prices get managed to remain stable.
According to her, the improvement in Indonesia's economy has been visible because investment has recovered, exports are still high, and imports are recovering to support the manufacturing industries.
In addition, all economic sectors have recovered, especially the sectors that were affected badly during the COVID-19 pandemic, such as the transportation sector, accommodation sector, and food and beverage sector, which contracted 15 percent and 10 percent, respectively.
In the third quarter of 2022, both sectors were able to grow 21 percent and 11.3 percent, respectively.
Indrawati said the recovery pushed Indonesia’s gross domestic product (PDB) to be recorded at 6.6 percent or higher than that of 2019 or before the pandemic struck.
“This is a good achievement,” she said.
Regionally, it can be seen that all islands and regions are experiencing an economic recovery, she noted. Sumatra has recorded a growth of 4.71 percent, Kalimantan 5.67 percent, Sulawesi 8.24 percent, Maluku 7.51 percent, Bali and Nusa Tenggara 6.69 percent, and Java 5.76 percent.
The economic recovery is expected to reduce unemployment and poverty from 7.1 percent and 10.2 percent, respectively, to 5.9 percent and 9.5 percent.
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Translator: Cindy Frishanti Octavia
Editor: Rahmad Nasution
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