Indonesia poised for strong Q4 growth, but Omicron could throw spanner in the works

Tighter restrictions or another lockdown could impact growth; full-year GDP growth reduced to between 3.7% and 4%

Published Sat, Dec 4, 2021 · 05:50 AM

Jakarta

HAVING brought the Covid-19 pandemic under control, Indonesia is poised for strong economic growth in the final quarter of the year on the back of improved investor confidence and resurgent consumer spending.

Heading into 2022, however, economists warn that the emergence of the new Omicron variant of the Covid-19 virus could mean that growth will likely be impacted if the government is forced to implement tighter restrictions or another lockdown.