Indonesia is officially out of recession. Growing by 7,07% (yoy) in Quarter II-2021, Indonesia experienced its highest GDP growth in the last 17 years after experiencing economic contraction in the previous four quarters. Although encouraging, Indonesia's high economic growth in Quarter II-2021 is not that surprising. There are at least five main aspects that make the economic growth rate in Quarter II-2021 recorded quite high. First, the growth of Gross Domestic Product (GDP) in Quarter II-2021 compared to the low base in the same period in 2020, which at that time contracted quite deeply with growth of -5,32% (yoy). The second factor that played a role in producing rapid growth rates in the second quarter of 2021 was the easing of social restrictions. Even though Large-Scale Social Restrictions (PSBB) volume III was implemented in Quarter II-2021, community mobility continues to increase compared to previous conditions. The third factor is the momentum of the month of Ramadan and the celebration of Eid al-Fitr which falls in the second quarter of 2021. Historically, the quarter that has two big celebratory moments almost always records the highest GDP growth compared to other quarters of the year. The fourth factor is the export side. The economic recovery of several of Indonesia's main trading partners, such as China and the US, is driving demand for export goods from Indonesia. The final aspect that contributed to high GDP growth in the second quarter of 2021 was the continued stimulus provided by the government. Apart from continuing to roll out social assistance to protect the poor and vulnerable, the government also provides stimulus for the business world and household consumption.

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