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2021 OECD Economic Outlook, Volume 2021 Issue 2

image of OECD Economic Outlook, Volume 2021 Issue 2

The global recovery from the COVID-19 pandemic is uneven and becoming imbalanced. The OECD Economic Outlook, Volume 2021 Issue 2, highlights the continued benefits of vaccinations and strong policy support for the global economy, but also points to the risks and policy challenges arising from supply constraints and rising inflation pressures.

This issue includes a general assessment of the macroeconomic situation, and a chapter summarising developments and providing projections for each individual country. Coverage is provided for all OECD members as well as for selected partner economies.

English Also available in: French

Indonesia

Indonesia’s recovery has been delayed by renewed restrictions and uncertainty as the Delta COVID‑19 variant spread rapidly. Growth in 2021 is projected to be relatively modest at 3.3%, but will rebound in 2022 and 2023 to above 5% as the normalising health situation allows consumer demand and investor confidence to return. Inflation expectations remain well anchored and the pass-through of higher global prices into consumer prices is expected to be limited. Delays in securing vaccines and vaccinating the eligible population would risk further health crises, slowing the recovery and placing policy under stress.

English Also available in: French

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