Economic Costs from COVID-19 Pandemic Estimated to Reach USD12.5 billions
The International Monetary Fund (IMF) estimated that the global economy loss caused by COVID-19 to reach USD12.5
Basic Assumptions for 2021 State Budget Draft Agreed
The Government and the House of Representatives have agreed on several macroeconomic indicators that will be used as the
Moody’s Predicts Indonesia’s GDP to be minus 0.8%
Credit rating agency Moody’s revised its report on growth forecast of G20 member states. Moody’s projected that
Stimulus from SRO for the Capital Market
Three Self Regulatory Organization in the Indonesian capital market gave stimulus for the stakeholders. These new
Budget Increase for Economic Recovery Program
Government has announced IDR 18 Trillion in additional fund for National Economic Recovery Program. This brings the
Benchmark Rate Cut Probable
The Central Bank of Indonesia is predicted to cut interest rate after the improvement of several economic data. Head
Economy Indicators in Q2/2020 Face Tough Scenarios
Most economy indicators are expected to be sluggish in Q2/2020 and the trend can continue into 3rd quarter. GDP figures,
Fed Plans to Keep Interest Rate unchanged during Recovery Years
The Federal Reserve kept the policy rate unchanged with unanimous vote, while also maintaining the current rate of bond
Economy Reopening Expected to Re-hire Workers
The reopening of 9 sectors is expected to absorb 70 percent of workers. This opinion was expressed by the Economics
