Monday Briefing

Economy: S&P Global Ratings lowered economic forecast for Indonesia for 2021 to 3.4% from 4.4% earlier, while 2022 growth will be higher on base effects at 5.6% from 5.2% earlier. A Covid-19 resurgence is exacerbating downside pressures for Indonesia’s economy and credit conditions, A delayed economic recovery will drag on revenue for banks, most corporate…