Indonesia may avoid recession based on early indicators central bank deputy

04-Jul-2020 Intellasia | Reuters | 6:02 AM Print This Post

Indonesia’s central bank deputy governor Dody Budi Waluyo said on Friday economic indicators in recent months showed that Indonesia may avoid a recession despite weak growth in the second quarter.

Some economic surveys had shown relative stability in recent months, he told an online seminar, while China’s reopening will help the country’s exports.

Indonesia’s economy faces the risk of recession this year due to the coronavirus pandemic, its fiannce minister said last month, as the government’s spending to fight the crisis faced delays.


Category: Indonesia

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