Indonesia finmin says new COVID curbs will affect 2Q21 GDP

  • Indonesia’s economic recovery in 2Q21 will be affected by tighter coronavirus restrictions, but the number will still be high on low base effect, Finance Minister Sri Mulyani Indrawati said on 21 Jun 21.
  • The government’s previous outlook for 2Q21 GDP growth was within a range of 7.1% to 8.3%.
  • Sri Mulyani said new curbs may mean she will have to adjust the upper end of the forecast, but she did not offer a new outlook.
  • The minister also said Indonesian bond yields have been steady after the Federal Reserve’s statement last week about U.S. monetary stimulus.

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