Asia Competitiveness Institute, Lee Kuan Yew School of Public Policy, National University of Singapore
A year into the COVID-19 pandemic, Indonesia’s economy shows signs of recovery in 2021: The country has seen a 3.2 percent annual GDP growth this year, compared to a contraction of 2.1 percent a year earlier. The 2021 growth is mainly driven by the Information and Communication Technology (ICT) and wholesale and retail trade sectors. […]
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As Bali reopens its borders after an 18-month hiatus, how will Bali regain its economic momentum? What are the drivers of future growth and economic resilience? ACI’s recent webinar titled “Bali’s Roadmap to Recovery: Post-Pandemic Economic Strategies”, hosted on Thursday, 21 Oct 2021 in collaboration with Universitas Pendidikan Ganesha, tackled this issue in depth. Speakers […]
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Summary: The global travel disruption had cascading effects on tourism and the supporting sectors in Bali. This week’s chart portrays Bali’s vulnerability to the worldwide border closure amid COVID-19 and underlines potential areas for diversification. Bali’s economy contracted by 9.3% in 2020, one of the worst-hit provinces in Indonesia. The loss of tourism revenue scraped […]
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