The Economy is Recovering, Red Plate Banking Stocks Are Worth Collection – Economic recovery in times of receding cases of Covid 19 and booming Commodity prices will boost the performance of the country’s banking sector.

Senior Investment Information Mirae Asset Sekuritas Indonesia, Nafan Aji Gusta, said the banking sector will experience a brilliant performance.

This is because various indicators of economic improvement show that the economy is recovering.

Among them, S&P Global recorded Indonesia’s manufacturing index or PMI of 51.9 in April 2022, up from 51.3 in the previous month.

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Manufacturing production and new demand rose driven by economic conditions in Indonesia that have risen.

On the other hand, Indonesia enjoys the benefits booming commodity prices, because it has a variety of natural resources.

This is what distinguishes Indonesia from the global economy, which is currently worried about stagflation.

Various international institutions project that Indonesia’s economic growth will be above 5 percent, higher than the global economic projection of 3 percent.

Nafan believes that the Indonesian economy will grow higher in the future, compared to the pandemic situation.

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When there is an expansion, the need for liquidity will increase which will have a positive impact on banks.

Source: – Berita Terbaru Bisnis, Ekonomi, Investasi Indonesia by

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