#1 Popular Destinations of the World. Bali is a living postcard, an Indonesian paradise that feels like a fantasy. Soak up the sun on a stretch of fine white sand, or commune with the tropical creatures as you dive along coral ridges or the colorful wreck of a WWII war ship. On shore, the lush jungle shelters stone temples and mischievous monkeys. The “artistic capital” of Ubud is the perfect place to see a cultural dance performance, take a batik or silver-smithing workshop, or invigorate your mind and body in a yoga class. Reference
Indonesian growth is impressive. Investing today in Bali means benefiting from growth that increases at the speed of a galloping horse.
Indonesia’s economy is slowly recovering during the second half of 2020 aided by the gradual re-opening of the domestic and global economies and massive policy support. The pace of economic contraction slowed to 3.5% year-over-year (yoy) in Q3 2020 from a 5.3% yoy in Q2 2020, driven by a partial recovery in consumption – including a significant increase in public spending – investment and net exports. Capital flows have stabilized, and the Rupiah has recovered from its large depreciation in March-April.
The monetary response to the crisis has been strong. Bank Indonesia’s local-currency government bond purchase program (1.8% of GDP in August compared to 1.7% of GDP on average among emerging markets) has helped maintain financial stability and finance the fiscal deficit. It has also contributed to lowering long-end local currency government bond yields. But the program involves macro-financial tradeoffs that need to be managed.
The government’s strong fiscal response to save lives and livelihoods and stimulate the recovery (4.3% of GDP) has been decisive.
Bali recorded more than 6.3 million tourists in 2019, an increase of more than 6.5% compared to 2018. There are also 17.7 Million Indonesian tourists who transited through Bali in 2019. Bali is preparing to receive more than 37 million tourists by 2026.
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