MPR highlights economic improvement thanks to positive recovery

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We have no reason to be pessimistic. Although the IMF and World Bank expect the economies of 66 countries to fail and collapse, the world still faces a “gloomy” (pessimistic expectation of) the global economy. We still have to be opt

Jakarta (ANTARA) – The Chairman of the Indonesian People’s Consultative Assembly (MPR), Bambang Soesatyo, has stressed that the national economy has improved since the economic revival efforts in 2021.

“There is no reason for us to be pessimistic. Although the IMF and the World Bank expect the economies of 66 countries to fail and collapse, and the world still faces a “ gloomy” (pessimistic expectation of) the global economy. We still have to be optimistic that we can end 2022 well,” Soesatyo said here on Saturday.

The MPR speaker pointed out that the optimistic view of the national economy stems from the trade balance surplus in 2021 which has continued this year.

He said that, based on data from Statistics Indonesia (BPS), Indonesia’s trade balance during the period between January and July 2022 recorded a surplus of $29.17 billion.

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At the close of the first national deliberation of the National Entrepreneurs Network (JAPNAS), in Jakarta on the evening of Friday August 26, Soesatyo stressed that optimism for Indonesia’s economic recovery is on track, and data from CEIC and Verdana Research showed that government revenue had increased positively by 51 percent.

The achievement was the highest in the world, overtaking Saudi Arabia which ranked second, with 43%, and Brazil in third place, with 30%.

According to IMF projections, he said, the GDP of ASEAN countries will reach $5.2 trillion in 2025.

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Based on this figure, Indonesia’s contribution reached US$1.63 trillion, the largest among other ASEAN countries.

He said Indonesia’s position as host of the G20 presidency must produce real impacts on the national economy.

According to calculations, the G20 event in Indonesia is expected to contribute $533 million to the national GDP, increase domestic consumption to 1.7 trillion rupees, create 700,000 new jobs and absorb 33,000 workers in micro, small and medium enterprises. (MSME).

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