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economic-contraction

Indonesian GDP to fall more than thought, country must get grip on virus: World Bank
Business 4 years ago

PREMIUM
Indonesian GDP to fall more than thought, country must get grip on virus: World Bank

Indonesia’s economy could contract more than expected if the coronavirus pandemic remains unco...
Indonesia's household spending set to take even greater hit: Fitch Solutions
Business 4 years ago

Indonesia's household spending set to take even greater hit: Fitch Solutions

Retail sales in Southeast Asia’s largest economy fell 12.3 percent in July from a year earlier...
BI to maintain accommodative policy as GDP set for first annual contraction since 1998
Business 4 years ago

BI to maintain accommodative policy as GDP set for first annual contraction since 1998

Finance Minister Sri Mulyani Indrawati said on Tuesday that the government had revised its gross dom...
Indonesia’s budget deficit swells to over 3 percent of GDP in August
Business 4 years ago

Indonesia’s budget deficit swells to over 3 percent of GDP in August

The country’s fiscal deficit reached Rp 500.5 trillion (US$33.96 billion) as of August, or 3.0...
Indonesia’s annual GDP set to contract for first time since 1998
Business 4 years ago

PREMIUM
Indonesia’s annual GDP set to contract for first time since 1998

The government has revised its gross domestic product (GDP) outlook down to an annual contraction of...
Prolonged pandemic could derail Indonesia’s recovery, ADB, economists warn
Business 4 years ago

PREMIUM
Prolonged pandemic could derail Indonesia’s recovery, ADB, economists warn

"This is a health crisis. Unless you can address this effectively, you can’t have a full ...
Indonesia’s GDP may contract more than 2.1% in Q3 amid Jakarta restrictions: Sri Mulyani
Business 4 years ago

Indonesia’s GDP may contract more than 2.1% in Q3 amid Jakarta restrictions: Sri Mulyani

The government previously expected the economy to post flat growth.
Budget deficit projected to reach 5.7 percent of GDP in 2021 as uncertainty hits tax revenue
Business 4 years ago

Budget deficit projected to reach 5.7 percent of GDP in 2021 as uncertainty hits tax revenue

The government now expects the fiscal deficit to reach Rp 1 quadrillion (US$67.32 billion), 5.7 perc...
Long road to full economic recovery as Jakarta PSBB returns
Business 4 years ago

Long road to full economic recovery as Jakarta PSBB returns

A full economic recovery would take at least two to three years, Coordinating Economic Minister Airl...
Japan's economy shrank more than estimated in Q2
Business 4 years ago

Japan's economy shrank more than estimated in Q2

The world's third-largest economy shrank 7.9 percent in the second quarter of this year from the...
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