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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....

Morning Briefing: Indonesia’s Economy Could Shrinks to 0% This year

JAKARTA (TheInsiderStories) - Good Morning! World Bank senior economist for Indonesia, Ralph van Doorn sees the national economy may shrink zero percent of gross domestic products...

Singapore Downgrades Economic Growth Forecast to “-7.0%”

JAKARTA (TheInsiderStories) - Singapore' government downgraded the 2020 economic growth forecast from contraction 0.4 percent to (7.0 percent) caused the COVID-19 outbreak, said the ministry...

Premier Li: No Economic Growth Targets in 2020

JAKARTA (TheInsiderStories) - Chinese government decided not to put numerical targets for the economic growth in this year amid the COVID-19 pandemic, said the prime minister...

Indonesia Prepares “Exit Strategy” to Maintain the GDP

JAKARTA (TheInsiderStories) - The impact of COVID-19 colored the Indonesian economy faster than expected, said the government officials. Today, Statistic Indonesia has reported that...

Indonesia’s GDP Slows to 2.97% Amid the COVID-19 Outbreak

JAKARTA (TheInsiderStories) - Indonesia' economic growth dropped to 2.97 percent of the total Gross Domestic Product (GDP) in the first quarter (1Q) 2020 compared to the...

Warjiyo: Indonesia’s Economy Could Grow 6.6 to 7.1% in 2021

JAKARTA (TheInsiderStories) - Bank Indonesia Governor Perry Warjiyo sees the economic growth will rises to 6.6 - 7.1 percent of gross domestic products (GDP) in 2021,...

US’s Economy Shrank to 4.8% in First Quarter of 2020

JAKARTA (TheInsiderStories) - United States (US) economy shrank 4.8 percent in the first quarter of 2020, the first contraction since 2014, said the secretary of commerce...

BoJ Expand Monetary Easing, Cut Growth Outlook

JAKARTA (TheInsiderStories) - Bank of Japan (BoJ) decided to further enhance monetary easing by purchases of commercial paper (CP) and corporate bonds up to JPY20...

Chinese Economy Fall Off to Lowest Level Since 1992

JAKARTA (TheInsiderStories) - Chinese economy fall off to 6.8 percent in the first quarter (1Q) of 2010 due to COVID-19 crisis, the lowest level since 1992,...

IMF Sees Indonesia’s GDP Only 0.5% in This Year

JAKARTA (TheInsiderStories) - International Monetary Fund (IMF) sees Indonesia' economic growth only 0.5 percent in this year, the lowest level since 1998, caused the impact of...

Indonesia Sees the Economic Growth 4.5% – 5.5% in 2021

JAKARTA (TheInsiderStories) - Indonesian government expect the economic growth could rebound in 2021 between 4.5 to 5.5 percent of gross domestic products (GDP) after the...

US, Eurozone’s Economies Need Three Years to Recover

JAKARTA (TheInsiderStories) - The United States (US) and Eurozone’ economies could take until 2023 to recover from the impact of the COVID-19, according to a new...

S&P Global: COVID-19 Will Hit Indonesia’s Economy

JAKARTA (TheInsiderStories) - Global rating agency Standard and Poor’s (S&P) Global rated, the COVID-19 outbreak will hitting tourism, transport, trade, manufacturing, and investment in Indonesia....

Indonesia’s Economic Growth to Slow in 2020 on COVID-19 Impact

JAKARTA (TheInsiderStories) — Indonesia’ economy is expected only grow by 2.5 percent in 2020 amid the COVID-19 pandemic, down from 5.0 percent in 2019,...

Fin Min Sees Indonesia’s GDP Could in Negative Zones

JAKARTA (TheInsiderStories) - Finance Minister Sri Mulyani Indrawati sees Indonesia' economic growth could touches the negative level at minus 0.4 percent to 2.3 percent in...

Indonesia’s Investment Realization Rises 6% in 1Q 2020

JAKARTA (TheInsiderStories) - Indonesian Investment Coordinating Board is estimating the investment realization in first quarter (1Q) of 2020 rises six percent compared to same period...

Indonesia’s GDP Only 2.5% This Year if COVID-19 Prolonged

JAKARTA (TheInsiderStories) - In worse scenario, Finance minister Sri Mulyani Indrawati, sees Indonesia' economic growth could be in the range 0 - 2.5 percent if...

Fitch Revises Down Indonesia’s Economic Growth to 4.8% in 2020

JAKARTA (TheInsiderStories) – Fitch Ratings revised down Indonesia’ economic growth forecasts from 5.1 percent to 4.8 percent in 2020 amid the COVID-19 outbreak, it...

Indonesia FinMin Sees Economic Growth 4.9% in 1Q 2020

JAKARTA (TheInsiderStories) - Finance Minister Sri Mulyani Indrawati sees Indonesia' economic growth in first quarter (1Q) stood at 4.9 percent of gross domestic products (GDP),...

Coronavirus Will Hurt Economic Growth in Many Countries in 1H of...

JAKARTA (TheInsiderStories) - Moody’s Investors Service has revised its global macro outlook and its baseline growth forecasts for all G20 economies. The coronavirus outbreak has spread...

Morning Briefing: BI Sees Indonesia Economy Rebound in 2Q

JAKARTA (TheInsiderStories) - Good Morning! Bank Indonesia believes there is an economic rebound in the second quarter (2Q) of 2020 due to the coronavirus outbreak. The...

Indonesia’s Monthly Inflation Stood at 0.28% in February

JAKARTA (TheInsiderStories) - Statistics Indonesia reported February' inflation stood at 0.28 percent on month to month (MoM) and for the calendar year was 0.66 percent...