Jakarta, CNBC Indonesia – Indonesia is confirmed to be in a recession. Finance Minister Sri Mulyani Indrawati revealed a terrible prediction would occur in the third quarter of 2020. “The Ministry of Finance, which previously saw the economy in the third quarter of minus 1.1% to positive 0.2%, and the latest as of September 2020 … Read more
Jakarta, CNN Indonesia – Economic growth Ghana experienced a contraction of 3.2 percent in the second quarter of 2020. Economic growth negative it is the first time in 37 years. Head of Statistics Samuel Kobina Annim said Ghana last recorded negative growth in 1983, when the country was experiencing a severe drought. “The Ghanaian economy … Read more
Jakarta, CNBC Indonesia – Two months in a row Indonesia recorded deflation. The deflationary condition cannot be separated from the sluggish domestic economy due to the Covid-19 pandemic. Bank Indonesia (BI) predicts deflation will still occur this September. In its latest price monitoring survey (SPH), BI estimated deflation of 0.01% (month on month/ mom) will … Read more