Jakarta, CNBC Indonesia – Indonesia is projected to enter the brink of recession after Finance Minister Sri Mulyani Indrawati predicted that Indonesia’s economic growth in the third quarter will still be negative in the range of minus 2.9 percent to minus 1 percent. This means that the national economy contracted for two consecutive quarters. In … Read more
Jakarta – The Corona virus pandemic (COVID-19) has caused a number of countries to collapse and fall into the abyss recession. However, there are still some countries that are predicted to survive and survive the recession. Reported CNN Indonesia, Monday (9/21/2020), the following countries are predicted to be immune from recession: 1. China In the … Read more
Jakarta, CNBC Indonesia – The Financial Services Authority (OJK) said that up to now large corporations are not yet interested in new credit expansion despite the many stimulus packages that the government has provided. Chairman of the OJK Board of Commissioners Wimboh Santoso emphasized that this phenomenon occurs in export-oriented corporations because market demand is … 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
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NEW YORK, KOMPAS.com – Corona virus pandemic (Covid-19) causes recession in countries, countries around the world, including the United States. In fact, the US economy had fallen by more than 30 percent on an annual basis in the second quarter of this year. Many companies in Uncle Sam’s country also went bankrupt and filed for … Read more
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JAKARTA, KOMPAS.com – DKI Jakarta Governor Anies Baswedan decided to tighten the enforcement of the Large-Scale Social Restrictions (PSBB) policy. This step was taken to reduce the number of PSBB transmission in the DKI Jakarta area, which has increased sharply in the last few days. Institute for Development of Refrom on Economics (Indef) economist Bhima … Read more
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JAKARTA, KOMPAS.com – The Indonesian economy is now on the verge recession, once on quarter II-2020 the economy grows negatively by 5.32 percent. This negative performance is estimated by the government to continue in the third quarter of 2020. If the economy is negative for two consecutive quarters, then technically Indonesia will officially enter a … 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
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JAKARTA, KOMPAS.com – A number of countries in the world, including neighboring countries, confirmed the occurrence recession the economy. This makes the Indonesian economy even more affected and it will almost certainly be dragged into the recession circle, if economic growth in the third quarter of 2020 contracts again. Member of the Board of Commissioners … Read more