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View all search resultsThe IMF has revised down its growth forecast for several countries, many of which saw a surge in COVID-19 cases through June, including Indonesia. The fund's July outlook shows that the some countries are recovering from the pandemic faster than expected and others more slowly, with divergent vaccination rates the contributing factor.
A new World Bank report suggests Indonesia’s economy is more vulnerable than previously assumed with greater risk to the downside should the vaccine rollout, consumer confidence or labor market recovery take longer than expected.
Top government officials forecast Indonesia’s gross domestic product (GDP) to grow between 6.5 and 8.3 percent in the second quarter this year as the country is expected to book its first year-on-year (yoy) GDP growth since the COVID-19 pandemic struck.
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