Economic Growth Could Contract by 2% in Q3-2020 | KF Map – Digital Map for Property and Infrastructure in Indonesia
Economic Growth Could Contract by 2% in Q3-2020
Tuesday, 25 August 2020

The Minister of Finance (Menkeu) Sri Mulyani Indrawati said that Indonesia’s economic growth in the third quarter of 2020 may contract by 2% (yoy) at the lowest and 0% (yoy) at the highest based on the July’s economic observation which has not recovered while showing a downside risk due to weak domestic and global economies. The minister aims the economic growth in 2020 to be in the range of minus 1.1% to positive 0.2% annually by strengthening the consumption and investment.

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