Indonesia central bank predicts two straight quarters of GDP contraction

  • "We're racing with time on setting up policies ... to prevent us falling into a deep recession," Juda Agung, an assistant to the governor of Bank Indonesia, told a online seminar.
23 Jul, 2020

JAKARTA: Indonesia will likely see two consecutive quarters of negative growth in gross domestic product starting from April-June, but authorities are working to prevent a "deep recession", a central bank official said on Thursday.

"We're racing with time on setting up policies ... to prevent us falling into a deep recession," Juda Agung, an assistant to the governor of Bank Indonesia, told a online seminar.

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