Most economy indicators are expected to be sluggish in Q2/2020 and the trend can continue into 3rd quarter. GDP figures, Household Consumption, and Investments are projected to drop. While only Government Spending is expected to still grow by 1.8%, said INDEF Director, Mr. Tauhid Ahmad.
Moreover, the drops in economy indicators has forced the government to add into its National Economy Recovery stimulus from IDR 430 Trillion to IDR 688 Trillion. Furthermore, budget deficit also widens from 3% to 6,27%. While the Central Bank has announced a monetary stimulus in the form of Quantitative Easing where BI will buy Government Bonds in the market.
Reference:
https://ekonomi.bisnis.com/read/20200614/9/1252555/indef-skenario-pdb-kuartal-ii2020-berat-sekali
