Page 37 - Buku BPJT 2020

2020 NationaL Economic Review

he year 2020 was initiated in great
optimism, following the 2019
TPresidential Election that gave
BADAN PENGATUR JALAN TOL development in the 2015-2019 period will
certainty about the direction of Indonesia’s
economic policy. Massive infrastructure

continue in the 2019-2024 period.

Based on the National Medium-Term
Development Plan (Rencana Pembangunan
Jangka Menengah Nasional/RPJMN) 2020-
2024, Indonesia has a target to achieve an
average economic growth of 6 percent by
2024. In 2020, the economic growth rate is
pegged at 5.3 percent.

Multilateral institutions such as the World Menteri Pekerjaan Umum dan Perumahan Rakyat, M. Basuki Hadimuljono meninjau jalur tol.
Bank also estimated that Indonesia’s
Gross Domestic Product (GDP) could grow
by 5.1 percent in 2020. Economic growth
was projected to be supported by domestic
consumption, an increase in investment
value, productive population growth, and
an improvement in the labor market.

However, some terrible fate happened
and it was inevitable. This optimism was
challenged from the first quarter of 2020
when the corona virus known as Corona
virus disease (Covid-19) broke out in
Wuhan, China. Slowly but surely the virus
spread around the world that ultimately
forced the World Health Organization
(WHO) to declare a global pandemic status
on 12 March 2020.

World economy seemed to come into a halt Kepala BPJT, Danang Parikesit.
all of a sudden. In one month, global GDP
was estimated to drop to 2.9 percent. The
global economic downturn was proven to second quarter of 2020 when GDP entered minus 2.07 percent.
have an impact on Indonesian economy and the red zone with a decrease of -5.32
a recession was certain. percent. The government then announced Despite these contractions, Indonesia’s
that Indonesia officially entered a economic growth in 2020 was relatively
BADAN PENGATUR JALAN TOL
Signs of recession began to appear after recession in the third quarter of 2020 when moderate because many countries
the Central Bureau of Statistics (Badan GDP only grew -3.49 percent or contracted experienced the same. The majority of
Pusat Statistik/BPS) released the data for two consecutive quarters. countries in Asia, Europe, and the United
on GDP for the first quarter of 2020, that States experienced a decline in GDP in
shows a drop of 2.97 percent from the In the fourth quarter of 2020, BPS reported 2020. Only a handful of countries were able
growth target of 4.5 percent to 4.7 percent. that Indonesian economic growth rate was to score positive growth trends, namely
This figure was the lowest since 1998. minus 2.19 percent. As a result, overall China and Vietnam.
The situation did not improve during the Indonesia’s economic growth in 2020 was

Transformasi Jalan Tol, Merajut Nusantara (Toll Road Transformation, Connecting The Nation) | 37