JakartaPost-Aug 8

The government is banking on fourth-quarter gross domestic product (GDP) growth to reach its annual target as an unprecedented COVID-19 wave promises to dampen the third-quarter economic recovery. Coordinating Economic Affairs Minister Airlangga Hartarto told reporters on Thursday that the government would focus its resources on containing the second virus wave in the third quarter so that it could ease public activity restrictions (PPKM) by the fourth quarter. He said the government aimed to lower the number of active COVID-19 cases to around 200,000 before the fourth quarter, down from the current level of around 500,000 but still higher than the average of around 100,000 active cases in the second quarter. The government has lowered its best-case third-quarter GDP growth outlook from 5.7 percent to 5.4 percent but has held its best-case fourth-quarter outlook at 5.9 percent.

Read more at: https://www.thejakartapost.com/news/2021/08/06/govt-bets-on-q4-growth-to-cover-q3-losses.html