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Jakarta Post

Indonesia ‘vigilant’ about economic risks of coronavirus

  • Adrian Wail Akhlas

    The Jakarta Post

PREMIUM
Jakarta   /   Wed, January 29, 2020   /  02:54 pm
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An Indonesian health official thermally scans passengers arriving amid a deadly coronavirus outbreak which began in the Chinese city of Wuhan, at the Husein Sastranegara airport in Bandung on Monday.(AFP/Timur Matahari)

The government believes the spreading coronavirus in China will add to downside risks and uncertainties in the domestic economy as Indonesia’s largest trading partner braces for a blow to its economic growth. The Chinese New Year, which took place in January, should have given momentum to China’s economy, Sri Mulyani has told lawmakers. “The outbreak has resulted in the country failing to realize its economic potential." Each percentage-point decline in China’s growth rate results in a 0.3 percent drop in Indonesia’s, the World Bank has said. China’s economic growth hit a 29-year low in 2019 at 6.1 percent while Indonesia’s latest data showed 5.02 percent annual economic growth in the third quarter of last year, the slowest in more than two years. "For now, the biggest battle is to keep investors’ trust in the country'...