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Transition of Economic Recovery

The problem is, economic growth this year and next has not yet reached 6 percent, a condition McKinsey says is required for Indonesia to become the world's 7th largest economy by 2030.

A Prastyantoko
· 5 menit baca

The latest edition of the six-monthly World Bank publication, Indonesia Economic Prospects, December 2021, is subtitled “A Green Horizon, Toward a High Growth and Low Carbon Economy”. The report projects that Indonesia's economic growth will reach 3.7 percent this year and 5.2 percent next year if it faces no significant challenges.

That uncertainty has resulted from the pandemic is clearer than ever. In addition to uncertainty, the pandemic has also increased the urgency for transformation and transition. Transformation is needed even more when uncertainty grows. Transition becomes more urgent when not many choices are available.

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