Government Project Economic Contraction at -2,9% to -1% Ranges in the Third Quarter of 2020 | KF Map – Digital Map for Property and Infrastructure in Indonesia
Government Project Economic Contraction at -2,9% to -1% Ranges in the Third Quarter of 2020
Monday, 19 October 2020

The Indonesian government projects the economy in the third quarter of 2020 to contract between -2.9% and -1%. If it continues the trend from the previous quarter of minus 5.32%, Indonesia’s economy will be stated in a recession. However, the Ministry of Finance Sri Mulyani Indrawati claims that Indonesia’s condition is far better than Asean and G20 countries. Moreover, almost all countries in Europe recorded a contraction higher than 20%.

Share:
Back to News