Photo by Artem Beliaikin from Pexels
Sales in the retail sector are estimated to grow 3-5 percent in 2022 with a note that there are no more restrictions on people’s mobility and international doors have been fully opened.
If conditions remain the same as before amid the Covid-19 pandemic, conditions in 2022 are estimated to contract in comparison to 2021.
This was stated by the Chairman of the Indonesian Retail Entrepreneurs Association (Aprindo) Bali, Agung Agra Putra. According to him, Balinese residents’ savings are running low. The index of the value of spending in Bali in September reached only 45.6 percent. This figure is much lower than other regions.
Domestic guests to Bali helped little because they were still centered in southern Bali.
“There are more staycations because the prices of premium hotels are very low at the moment. So the circulation of money is very little and uneven in Bali,” he said.
Agra Putra explained that the level of public spending or consumption could be caused by government intervention in reducing people’s mobility. Among the limitations, he mentioned the conditions for traveling, limiting operating hours and others.
In addition, the policy of limiting community economic activities had an impact on the inhibition of the movement of the economy or economic growth in an area which will affect the level of community income to decline.
“Reduced income will reduce purchasing power so that people’s consumption levels will be limited or lower,” said the Chairman of the Indonesian Retail Entrepreneurs Association in Bali, Agung Agra Putra.
