Monday Briefing

Economy: Another bleak prospect of the Indonesian economy was conveyed by the Organization for Economic Cooperation and Development (OECD).  The multilateral organization estimated Indonesia’s GDP would drop by 2.8 percent this year, or by 3.9 percent if a global second wave of Covid-19 infections occurs later in 2020. In 2021, Indonesia’s economy would grow by…

Monthly Economic Review

BOTTOM LINE: Taken together, the indicators during May and up until mid-June 2020 indicate that the Indonesian economic state of play remained weak amid the Covid-19 pandemic. The inflation was very low, rupiah and stock index strengthened but face volatilities ahead, manufacturing was on a deep contraction phase, export and import fell sharply, and state…