Bank Indonesia (BI)'s formal economic outlook for 2021 is within a range of 4.3% to 5.3%, compared with a contraction of 2.1% in 2020, which was Indonesia's first negative growth in more than 20 years.
JAKARTA: Indonesia's economic recovery will not be disrupted by recent capital outflows and Southeast Asia's largest economy is set to grow close to 5% this year, a central bank deputy governor said on Friday.
Emerging markets have seen capital outflows in recent weeks pressuring their currencies, triggered by uneven economic recovery globally and rising U.S. bond yields, Dody Budi Waluyo said in a live broadcast from an investment forum in the holiday island of Bali.
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