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Breaking: Indonesia Enters the Recession Period

JAKARTA (TheInsiderStories) - Finance Minister Sri Mulyani Indrawati said Indonesia' economic growth in the third quarter (3Q) of 2020 still in the negative territory...

ADB: Indonesia’s Economy to Contracts 1% in This Year

JAKARTA (TheInsiderStories) — Indonesia’ economy is forecast to contracts by 1.0 percent in this year amid the pandemic before rebounding to 5.3 percent in 2021,...

Moody’s Sees Indonesian Economy Lowering to 3.9% in 2020

JAKARTA (TheInsiderStories) - Moody's Investors Service sees Indonesian economic growth will ended at 3.9 percent of gross domestic products (GDP) in this year, said the agency...

Indrawati Sees Indonesian Economy Contracts 2% in 3Q

JAKARTA (TheInsiderStories) - Finance minister, Sri Mulyani Indrawati sees Indonesian economic growth will contraction 2 percent in the third quarter (3Q) of 2020. For the...

US’s Fed Hold the Rate, Lowers Economic Growth Outlook

JAKARTA (TheInsiderStories) - United States (US) Federal Open Market Committee (FOMC) agreed to hold the Fed Fund Rate (FFR) at the current level near to zero percent,...

Japan Records the Worst Contraction in History

JAKARTA (TheInsiderStories) - The Japanese economy recorded the worst contraction in history caused the COVID-19. Based on preliminary data from the cabinet office released...

Indrawati Revises Down Economic Growth -0.2% to -1.1% in 2020

JAKARTA (TheInsiderStories) - Finance Minister Sri Mulyani Indrawati has revised Indonesian economic growth targets in 2020 in the range of -0.2 to -1.1 percent of gross...

Hartarto: Indonesia’s Economy to Contract 0.49% in This Year

JAKARTA (TheInsiderStories) - Senior economic minister, Airlangga Hartarto sees that Indonesian economy will contracts 0.49 percent in 2020 due to the impact of the pandemic. In...

US Forecast Update: 2Q Worst Quarter on Record Despite Fiscal Support

JAKARTA (TheInsiderStories) - IHS Markit sees United States (US) economic growth in 2020 could contraction around 4.8 to 6.1 percent, it said in the latest...

IMF: US’s Economy has the Potentials to Contract 6.5% in 2020

JAKARTA (TheInsiderStories) - The economic outlook in United States (US) has shifted dramatically with the rapid spread of COVID-19, said the International Monetary Fund (IMF) in...

Singapore Enters Recession, the Economic Growth Fell to 13.2%

JAKARTA (TheInsiderStories) - Singapore' economic growth fell to 13.2 percent in the second quarter (2Q) of 2020 due to the circuit breaker measures that were implemented from April...

Fitch Forecasts Indonesian Economy Contraction 2% in 2020

JAKARTA (TheInsiderStories) -  Fitch forecasts economic activity in Indonesia will contract by 2 percent in 2020, largely attributable to the impact of the coronavirus. The contraction...

Indonesia’s Consumer Confidence Index Improves in July

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) reported the Consumer Confidence Index (CCI) on economic conditions improved to 86.2 in July 2020 from last month at 83.8. Even...

Indonesian Govt Pushes Spending to Boost the Economy

JAKARTA (TheInsiderStories) - After experiencing a contraction in the second quarter of 2020, Indonesian government will take an extraordinary steps to boost the economy...

Alert! Indonesia is in Technical Recession, GDP Contracts 5.32% in 2Q

JAKARTA (TheInsiderStories) - The statistics bureau reported Indonesia' economic growth plunged to 5.32 percent in the second quarter of 2020 compared to last year, said...

IHS Markit: US GDP to Contract by a Historic 35.3% in...

JAKARTA (TheInsiderStories) - IHS Markit estimated, the United States (US) economy fell at a 35.3 percent in the second quarter, which subtracts about 25 percentage points from...

Japan’s GDP Looks Shrink to 4.5%, Fitch Revises This Year Outlook

JAKARTA (TheInsiderStories) - Japan' economy could contracts 4.5 percent in this year due to the pandemic, said some observers. While, Fitch Ratings has revised its outlook...

Indonesian Govt Provides Working Capital Loans to Corporations

JAKARTA (TheInsiderStories) - The government Indonesia is providing support for corporations involved in labor-intensive projects in the form of working capital loans. The support...

Indonesian Govt Widens 2021 State Budget’s Deficit to 5.2%

JAKARTA (TheInsiderStories) - President Joko Widodo has decided to widens the 2021 State Budget' deficit from 4.17 of gross domestic products (GDP) to 5.2...

China’s Economy Rebound to Positive in the 2Q of 2020

JAKARTA (TheInsiderStories) - Chinese economy grew 3.2 percent in the second quarter (2Q) of 2020 from a year earlier, the National Bureau of Statistics reported on...

World Bank Sees Indonesian Economy Not Grow in 2020

JAKARTA (TheInsiderStories) - The World Bank sees Indonesian economy not growing or zero growth of the gross domestic products (GDP), said the lead economist today (07/16)....

Indrawati Sees Indonesia’s Economic Growth Contractions 5.1% in 2Q

JAKARTA (TheInsiderStories) - Finance minister Sri Mulyani Indrawati sees Indonesia' economic growth could drop by -5.1 percent of gross domestic products (GDP) in the second quarter...

Developing Asia to Grow Just 0.1%, Indonesia Contraction 1.0%

JAKARTA (TheInsiderStories) - Developing Asia will barely grow in 2020 as containment measures to address the COVID-19 pandemic hamper economic activity and weaken external demand. The...

Morning Briefing: Waiting for World Bank’s Global Economy Update

JAKARTA (TheInsiderStories) - Good Morning! World Bank' chief economist Gita Gopinath will hold a presser on the latest world economic outlook for this year. Earlier,...

Fitch Revises Down India’s Rating to BBB- with Outlook Negative

JAKARTA (TheInsiderStories) - Fitch Ratings revised down India’ outlook to BBB- from stable to negative, stating that the pandemic has significantly weakened this year' economic growth prospects...

The Deepest Global Recession in 75 years will be the Shortest...

JAKARTA (TheInsiderStories) - All signs point to the second-quarter real GDP plunge in the United States (US) and European economies being one for the records—with double-digit...

Indrawati: Indonesia’s Economic Growth Depresses in 2Q of 2020

JAKARTA (TheInsiderStories) - Finance minister, Sri Mulyani Indrawati sees Indonesian economic growth will depressed in the second quarter (2Q) of 2020 to below zero percent...

IHS Markit Revised up Japan’s Real GDP Growth for 2020

JAKARTA (TheInsiderStories) - IHS Markit revised up its forecast of Japan’ real GDP growth to a contraction of 4.9 percent in 2020 before a rise of...

COVID-19 to Plunge Global Economy Into Worst Recession Since World War...

JAKARTA (TheInsiderStories) - The swift and massive shock of the COVID-19 pandemic and shutdown measures to contain it have plunged the global economy into a severe...

Again, Indonesia Revises 2020 State Budget to Help the Economy

JAKARTA (TheInsiderStories) - For the second time, Indonesian government revised the 2020 State Budget to support the Economic Recovery Program (ERP) and curb the economy....