Economic Slowdown May Continue
The slowdown of Indonesia’s economy is expected to continue in the first quarter of 2020. Economic conditions will improve only if investment and household spending increase.
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Container are moved at Operational Terminal 3 of Tanjung Priok Port in North Jakarta on Thursday (20/2/2020). Statistics Indonesia (BPS) noted that the value of non-oil and gas exports and imports to and from China decreased in January but said the decline could not be entirely blamed on the outbreak of a new type of coronavirus.
JAKARTA, KOMPAS — The slowdown of Indonesia’s economy is expected to continue in the first quarter of 2020. Economic conditions will improve only if investment and household spending increase.
In the first quarter, the Indonesian economy may grow at an annual rate below 5 percent. Bank Indonesia projects growth of 4.9 percent, but the government is optimistic first-quarter economic growth will reach 5 percent.