Official studies have shown that Indonesia’s economic diplomacy outreach has indeed been successful, ... During Jokowi’s first term as president, from 2014-2019… Indonesia’s economy expanded 4.97% on an annual basis in the October-December quarter, data from the statistics bureau showed on Wednesday, slower than expected in a Reuters poll. Indonesia Economic Outlook 2020 2 “The inversion of the yield curve in the US this year has provided a stronger signal that an economic crisis in the US would happen sometime in mid of next year..” Domestic GDP growth rate is reported at 5.05% (yoy) in Q2 2019, while the manufacturing sector, the biggest sector, grew at 3.59% (yoy). Economy - overview: Indonesia, the largest economy in Southeast Asia, has seen a slowdown in growth since 2012, mostly due to the end of the commodities export boom. Joko Widodo, former businessman and governor of Jakarta, won a five-year presidential term in 2014 and was reelected in 2019. Indonesia's GDP growth is expected at -1% in 2020 and 5.3% in 2021 – Source: ADOS 2020 (June 2020) Indonesia's inflation rates forecasted at 2.0% in 2020 and 2.8% in 2021 – Source: ADOS 2020 (June 2020) Indonesia's economy expanded 4.97% on an annual basis in the October-December quarter, data from the statistics bureau showed on Wednesday, slower than expected in a Reuters poll. Since then, COVID-19 has spread to over 215 countries and territories, including 34 provinces of Indonesia, with a massive spurt in death toll. However, fiscal and monetary stimulus should prop up the economy somewhat. Indonesia is Southeast Asia's largest economy, rich in all types of natural resources as well as cultural diversity. The 4th Indonesia Circular Economic Forum 2020 :: Towards Smart & Sustainable Cities Through Circular Economy | Indonesia Circular Economic Forum is an event that bring together all decision makers from government, top companies, as well as environmental issues enthusiast to sit together and discuss about the issues and the potential of Indonesia implementing circular economy concept in … The Indonesian government officially confirmed the country's first cases on March 2 this year. Official studies have shown that Indonesia’s economic diplomacy outreach has indeed been successful, ... During Jokowi’s first term as president, from 2014-2019… Economic Indicators for Indonesia including actual values, historical data charts, an economic calendar, time-series statistics, business news, long term forecasts and short-term predictions for Indonesia economy. The GDP value of Indonesia represents 0.93 percent of the world economy. Indonesia is a member of G20 and classified as a newly industrialised country. Indonesia's annual economic growth eased to 2.97 percent in the first quarter of 2020, the weakest pace since the first quarter of 2001 and well below market consensus of 4.04 percent, as the country started closing schools and offices in late March to contain the rapid spread of the coronavirus pandemic. An emerging lower middle-income country, Indonesia has made enormous gains in poverty reduction, cutting the poverty rate by more than half since 1999, to 9.4% in 2019. This came on the back of robust domestic consumption, increased foreign investment and continuing efforts to reform policy and simplify investment procedures, and despite challenges including a falling rupiah, a trade imbalance and global political issues.

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