Yogyakarta targets 11% economic growth by the end of the year

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Yogyakarta (ANTARA) – The city government of Yogyakarta is working to maintain its economic growth momentum, which has improved compared to the same period last year, and is targeting 11% growth by the end of the year, an official said.

“The regional economy improved through the first half of the year, and we are optimistic that growth of 11% or more could be achieved by the end of the year,” said Kadri Renggono , assistant to the regional secretary for economy and regional development of Yogyakarta. in Yogyakarta on Monday.

In the first half of 2021, Yogyakarta recorded economic growth of 11.8%, which was significantly higher than previous growth estimates of 6-7%, he said.

“The decision of the central authority to apply a higher level of enforcement of activity restrictions (PPKM) due to the latest wave of COVID-19 infection may result in a slight drop in our percentage of economic growth “Renggono added.

The unusually high percentage of growth in 2021 was due to its juxtaposition with economic growth data in 2020 which saw a decline of minus 2% due to the COVID-19 pandemic, the official confirmed.

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The communications sector has played an important role in economic growth in Yogyakarta, as a high demand for prepaid phone credit and internet plan has been registered among residents, Renggono informed.

With the improvement of the pandemic situation in Yogyakarta, the trade and service sector could follow the communication sector to contribute to regional economic growth, he added.

Meanwhile, the mayor of Yogyakarta, Haryadi Suyuti, informed that the tourism sector in the city has started to recover, with tourists returning to the city and contributing to an increase in occupancy rates at Yogyakarta hotels.

“We must maintain this favorable condition by applying strict health protocols that will guarantee the health of the people as we strive to restore our economic activities,” said Mayor Suyuti.

Tourism stakeholders in Yogyakarta are firmly committed to respecting health protocols as they hope that a healthy and safe city will attract more tourists, he noted.

“Tourist attraction operators and tourists should also remember to observe strict sanitary protocol,” Suyuti added.

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