A stage director looks on at the IMF/World Bank Annual Fall Meetings Plenary Session in Washington, DC, on Oct. 18, 2019. The World Bank has warned that the Indonesian economy might contract by 2 percent this year. (AFP/Andrew Caballero-Reynolds)
“Under somewhat harsher assumptions on the global economy of a deeper contraction, and if there is a need for mobility restrictions to be reinstated going forward, we do think that the economy could actually contract by 2 percent in 2020, ” World Bank Indonesia lead economist Frederico Gil Sander said during the virtual launch of World Bank’s Indonesia Economic Prospect report on Thursday.
The coronavirus outbreak in Indonesia has not shown any signs of abating as more than 1,000 new cases have been recorded daily since June. Infections stood at 81,600 as of Thursday afternoon with 3,800 deaths, official data show.World Bank warns of 2% contraction in Indonesia’s economy this year - Business - The Jakarta Post
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