Grant Thornton has re-issued the annual Grant Thornton International Business Report (IBR) to describe the perception of global business players, including Indonesia, on business and economic developments over the next 12 months.
The year 2021 is quite a challenging year for Indonesia, where the Indonesian government must deal with the Covid-19 pandemic, but at the same time, it must also maintain economic growth. Business news The resolution of the Covid-19 pandemic is the key to national economic recovery.
Bank Indonesia (BI) itself estimates that Indonesia’s economic growth in 2022 will reach 4.7% to 5.5% or higher than this year’s economic growth forecast of 3.4% to 4%.
Entering 2022, Indonesian businesspeople look optimistically for the next 12 months. In this year’s report, 87% of Indonesian business players are optimistic that revenue will increase over the next 12 months. This figure is encouraging because it places Indonesian business players in the 1st rank globally, followed by Vietnam (82%) and India (80%).
The latest IBR Grant Thornton report also shows a significant increase in business expectations regarding the export sector (72%), and their business profitability will increase in 2022. This figure places Indonesia in 3rd and 2nd place globally.
Indonesian Business Actors’ Views on Peduli Protect Applications Fun way to Develop skills & knowledge
This year’s IBR Report also shows the views of Indonesian business players on the PeduliLindung application. The survey results show that 37% of Indonesian businesses think that the PeduliLindung application significantly impacts their business development.
Business people believe that the PeduliLindung application is efficient enough in providing information, navigating the location and status of workers related to Covid-19 to contribute to company productivity. However, in terms of usage, limiting the number of consumers has more or less an impact on the number of visitors to the place of business. In addition, in terms of data security, Indonesian business actors are concerned about the safety of both company data and employee data, which can be accessed illegally and distributed.
A balance between supporting economic growth while maintaining public health is essential. Soon, we need to be aware of new variants and the risk of a spike in cases during the Christmas and New Year holidays which could negatively affect the economic recovery situation. Next year, the government may consider a fiscal policy to increase people’s purchasing power, such as financial incentives for the business world. In addition, of course, a high synergy between the government and the community is still needed to control the pandemic, which has an impact on economic recovery.