Dri’s Pulse Check - Vaccination as an Effort to Increase Economic Activities

10 March 2021

Research

Danareksa Research Institute (DRI) again released a summary of economic indicators entitled "Vaccination as an Effort to Increase Economic Activities". Dri revealed that economic activity, both retail and manufacturing and corporations experienced exceptional pressure throughout 2020 caused by restrictions on activity, resulting Request. For this reason, the vaccination program is believed to be one of the solutions to improve community mobility and increase demand for economic activity to return to normal. In research conducted by DRI, it is known that the levelness level of the Indonesian people to conduct vaccination is still low, which is only 39.85%. Some people also still travel to the crowd within 7 days after the first dose vaccine. The government needs to carry out effective and massive communication strategies to educate the effectiveness of vaccines and improve community Willingess. Meanwhile, in macroeconomic conditions, Indonesian economic recovery is slow as reflected in the 4-2020 quarter GDP that is re-contracted. However, government expenditure that grows positively can support economic growth. Dri also described the predictions of several institutions that estimate the Indonesian economy to show improvements in 2021 which are driven by the effectiveness of fiscal stimulus, vaccine distribution and handling COVID-19 cases. While in the financial sector, intermediation functions are contracted, but with maintained performance. Be aware of the potential for increased credit risk. Furthermore, the domestic role including the community in economic growth continues to increase, one of which is through SBN and/or SBSN ownership that encourages economic growth. Also reports from BRI Danareksa Sekuritas for the pharmaceutical sector which is expected to be neutral in 2021. To read the full report, please See the following documents: Dri Pulse Check - Vaccination as an effort to increase economic activity

DRI Pulse Check – Vaksinasi Sebagai Upaya Meningkatkan Aktivitas Ekonomi