TheJakartaPost
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In case of a global recession and a more severe “liquidity squeeze,” Moody’s Investors Service anticipates risks to more than a quarter of the firms it rates in the Asia-Pacific region – and a third in Indonesia.
The World Bank has cut its forecasts for economic growth in the United States, the euro area and China and warned that high debt levels, rising income inequality and new coronavirus variants threatened the recovery in developing economies.
The International Monetary Fund on Tuesday maintained its 6 percent global growth forecast for 2021, upgrading its outlook for the United States and other wealthy economies but cutting estimates for developing countries struggling with surging COVID-19 infections, including Indonesia.
Despite some signs of recovery, the global economy faces continued challenges, including the possibility of a second wave of COVID-19, and governments should keep their support programs in place, IMF chief Kristalina Georgieva said Thursday.
