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October 20, 2020. Google+, Facebook In 2021, GDP is seen growing 5.5%. Retail sales fell markedly in July and August—albeit at a softer rate than in … Client Log In, Facebook In brief.

Indonesia Economic Outlook.

Modest attempts to control the rampant spread of the coronavirus (Covid-19) will result in the population reaching a stage of widespread immunity in 2021, albeit with a high death toll; this will allow economic activity to normalise somewhat and a recovery to take shape from that year. In addition, imports of goods and services fell at a more pronounced pace of 17.0% in Q2 (Q1: -2.2% yoy), reflective of depressed domestic demand. The downturn was broad-based, with private consumption, public spending, fixed investment and exports all contracting. As a result, the contribution of the external sector to growth increased. Click on the button below to get started. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page.

Commenting on their outlook, analysts at Nomura comment: “While Q2 is likely to be the bottom in this downturn, the path to recovery remains fragile […]. Fixed investment was down 8.6% in Q2, contrasting the 1.7% expansion in the previous quarter, as elevated uncertainty caused firms to halt investment plans. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete.

Jakarta: The Central Statistics Agency (BPS) today announced that the Indonesian economy grew by 2.97 percent year-on-year (yoy) in the first quarter of 2020. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.

Aggregates are based on constant 2010 U.S. dollars.

Varian Baru Virus Corona dari Spanyol Ditemukan, Lebih Mematikan? At its 12–13 October monetary policy meeting, Bank Indonesia (BI) voted to leave the seven-day reverse repo rate at a multi-year low of 4.00%. Twitter The risk of a global economic recession in 2020 has increased due to compressed demand and production disruptions caused, amongst others, by limited individual mobility and other restrictions to reduce covid-19 transmission. Global economic decline and the spread of covid-19 in Indonesia are expected to hamper domestic economic growth momentum. Household spending fell 5.5% in the second quarter, which contrasted the first quarter's 2.8% expansion. We continue to think the normalisation of economic activity is unlikely to happen quickly, even though a greater portion of the country was reopened from early June, because of the still rising new daily COVID-19 cases. Merchandise exports fell 0.5% annually in September (August: -8.2% year-on-year), as higher non-energy exports largely offset lower energy exports.

"It was also experienced by other countries," BPS head Suhariyanto told a videoconference here on Tuesday, May 5, 2020. Indonesia gdp growth rate for 2018 was 5.17%, a 0.1% increase from 2017. Looking forward, the economy should fare somewhat better in the second half of the year on stronger global demand, although elevated Covid-19 cases at home will likely keep domestic momentum restrained, and activity is still seen contracting in annual terms throughout the year. Public spending fell 6.9% in Q2 (Q1: +3.7% yoy), as the government struggled to execute its fiscal support package due to administrative problems. Seberapa Amankah Perjalanan Udara Selama Pandemi Covid-19? Inflation is currently still under control," the BPS leader stated. My Cart Please check your download folder. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. After slumping by an estimated 2.2% in 2020, we expect the economy to grow by 4.3% in 2021. 5 years of economic forecasts for more than 30 economic indicators.

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