TheJakartaPost
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The Great Lockdown has left no country unaffected and while the outlook for Indonesia may appear bleak at first glance, investors would do well to recall that our policymakers have battled multiple crises in the past – and come out on top.
In reporting third-quarter results, CEOs and finance chiefs at the five biggest US lenders gave a muddled picture of what to expect. Economic conditions improved in recent months thanks to pandemic lockdowns lifting, as well as government assistance and loan forbearance. But it is not clear that stimulus programs will continue or whether the world is headed for a new wave of infections.
Batavia Prosperindo Aset Manajemen has forecast the country's GDP growth to range from 0.5 percent to a 0.5 percent contraction, compared with the government’s projection of 2.3 percent growth this year, or a 0.4 percent contraction in the worst-case scenario.
