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COVID-19 Recession to be Deeper than 2008 – 2009

JAKARTA (TheInsiderStories) - This interim global forecast is the second prepared in March and is much more pessimistic than our March 17 regularly scheduled outlook. It...

Morning Briefing: Foreign Tourists Number Drops 30% in February

JAKARTA (TheInsiderStories) - Good Morning! Number of foreign tourists in Indonesia declined sharply due to the COVID-19 outbreak. The statistic bureau reported the number of arrivals...

UNDP Seeking Unprecedented COVID-19 Support for Vulnerable Countries

JAKARTA (TheInsiderStories) - The growing COVID-19 crisis threatens to disproportionately hit developing countries, not only as a health crisis in the short term but as a...

Morning Briefing: Indonesia Reviews Foreigner Movement

JAKARTA (TheInsiderStories) - Good Morning! Today, President Joko Widodo has schedule to lead the limited meeting on foreigner movement in Indonesia. While, the central bank'...

COVID-19, Oil Price Shock will Magnify Weaknesses 2020 Sovereign Outlook

JAKARTA (TheInsiderStories) - The coronavirus outbreak and the related oil price shock will lower sovereigns' economic and fiscal strength, increase weaker sovereigns' vulnerability to shifts in...

G20 Leaders Agrees to Inject US$5T into Global Economy

JAKARTA (TheInsiderStories) - Group of 20 (G20) leaders agreed to inject US$5 trillion into global economy, it said in a joint statement released today (03/26). The virtual...

World Bank, IMF Announces Debt Relief for Poorest Countries

JAKARTA (TheInsiderStories) - The World Bank Group and International Monetary Fund (IMF) announced the debt relief for the poorest countries amid the coronavirus outbreak, said the...

Morning Briefing: Leaders of G20 Meet, US’s Stimulus Package Approves

JAKARTA (TheInsiderStories) - Good Morning! Leaders of Group 20 (G20) scheduled to have a virtual meeting tonight addressing the spread of COVID-19 in the world....

Morning Briefing: Indonesia Shortens Trading Hours

JAKARTA (TheInsiderStories) - Good Morning! The Financial Services Authority (FSA) shortened the money and stock transaction hours to support the government' steps to prevent the spread...

BI Sees Rupiah Getting Stable, Inflation Benign in March

JAKARTA (TheInsiderStories) - Bank Indonesia (BI) assesses that the Rupiah movement getting stable after plunged for several days and almost touched the lowest level in history. Until...

G20 Mulls Joint Efforts to Handle COVID-19 Outbreak

JAKARTA (TheInsiderStories) - Group of 20 (G20) financial ministers and central bank governors agreed to develop a joint Action Plan in response to the COVID-19,...

Morning Briefing: Pressures in the Global Economy Still High

JAKARTA (TheInsiderStories) - Good Morning! The United States (US) Wall Street ended in the red zone on Monday, burdened with the lack of progress regarding...

Blunting the Impact and Hard Choices: Early Lessons from China

JAKARTA (TheInsiderStories) - The impact of the coronavirus is having a profound and serious impact on the global economy and has sent policymakers looking for ways...

Weekly Briefing: Market Stress Needs More Confidence

JAKARTA (TheInsiderStories) - Good Morning! With the global economy facing recession and markets showing increased signs of stress, flash purchasing manager index (PMI) surveys will...

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...

The Global Economy is Headed for Recession

JAKARTA (TheInsiderStories) - Disruptions to supply chains, demand, international trade flows, and travel, along with lockdowns and collapsing stock prices, resulting from the COVID-19 have dealt...

ADB Announces US$6.5B Initial Response to Pandemic

JAKARTA (TheInsiderStories) - The Asian Development Bank (ADB) today announced a US$6.5 billion initial package to address the immediate needs of its developing member countries to...

Morning Briefing: BI Rate Announces Today

JAKARTA (TheInsiderStories) - Good Morning! Bank Indonesia (BI) will announced its monetary policy today and its expecting to cut its benchmark rate to help...

World Bank, IFC Rises COVID-19 Response to US$14B

JAKARTA (TheInsiderStories) - The World Bank and International Finance Corporation (IFC) approved an increased US$14 billion package of fast-track financing to assist companies and countries in...

Morning Briefing: Trump Sees COVID-19 Outbreak Will End in August

JAKARTA (TheInsiderStories) - Good Morning! Strong selling into the close left Wall Street with another day of historic losses since crash in 1929. United States (US)...

COVID-19: Sharp Reduction in Near-term Growth

JAKARTA (TheInsiderStories) - IHS Markit estimates that global growth in 2020 will be 1.7 percent, compared with 2.5 percent in our February baseline, and 2.7 percent...

Coronavirus: Can Policymakers Avert a Trillion-dollar Crisis?

JAKARTA (TheInsiderStories) - The spread of the coronavirus is first and foremost a public health emergency, but its also a significant economic threat. The COVID-19 shock...

Economic Stimulus Gives “Energy” to the Financial Market

JAKARTA (TheInsiderStories) - After global major indices slumped in the beginning of the week, the governments created various economic stimulus to helped their economy. The...

Trump Seeks “Big” Stimulus to Fight Coronavirus Effects

JAKARTA (TheInsiderStories) - United States (US) President Donald Trump announced a new economic stimulus and said he would take "major steps" to ease economic...

Morning Briefing: Indonesia Prepares Policies to Tackle COVID-19 Impact

JAKARTA (TheInsiderStories) - Good Morning! Finance minister Sri Mulyani Indrawati claimed Indonesian government is preparing stimulus similar to the 2008 global financial crisis, including...

Global Market Unstable, Need More Stimulus

JAKARTA (TheInsiderStories) - Asian market try to stabilize after major global stock market plunged on Monday as speculation of coordinated stimulus from global central banks...

Japan’s GDP Revised Down in 4Q 2019 Due to Weak Investment

JAKARTA (TheInsiderStories) - Japan’ real GDP growth for the fourth quarter (4Q) of 2019 was revised down to a 1.8 percent quarter-to-quarter (QoQ) from same quarter...

Weekly Briefing: Indonesia’s Forex Reserves of US$130B in February

JAKARTA (TheInsiderStories) - Bank Indonesia reported foreign exchange reserves at February amounted to US$130.4 billion, slightly lower than the position in January 2020 of $131.7...

Morning Briefing: Major Central Banks Cuts the Rate

JAKARTA (TheInsiderStories) - Good Morning! United States (US) Federal Open Market Committee (FOMC) decided cut its Fed Fund Rates by half percentage to 1.00...

OECD: Global Economy Daces Gravest Threat Since the Crisis

JAKARTA (TheInsideStories) - The coronavirus presents the global economy with its greatest danger since the financial crisis. The COVID-19 is spreading from China to other regions causing...