The Indonesian economy has been on a successful recovery mode in 2021; with the country officially came out from recession zone. The economy rebounded in a spectacular way in 2Q21 with a better than expected growth of 7.07% yoy; mainly due to higher economy activities and low-base effect from previous year. Although social-activity restrictions (PPKM) were re-tightened at the beginning of third quarter as Delta-variant struck, Indonesia was able to maintain recovery momentum with 3Q21 GDP growth of 1,55% QoQ or 3.51% YoY.

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