Banking and Non-Performing Loans
We are grateful that in early September 2021, the average death rate from Covid-19 in Indonesia dropped to 500 people per day.
It has been a year and a half that economic growth in Indonesia has depended on the conditions of the Covid-19 pandemic. If Covid-19 transmission grows, for the sake of the public safety, mobility restrictions are imposed leading to the hampering of economic activity.
The acceleration of vaccinations and reducing transmission of Covid-19 are crucial factors in the recovery of the economy. The reduction or addition of stimulus from the fiscal, monetary and banking authorities also depend on the pandemic situation.