Indonesia is the only G20 economy in South-east Asia and is home to the world’s fourth-largest population. Economy of Indonesia Under Pressure: GDP Growth at 2.97% in Q1-2020. Today, Indonesia is the world’s fourth most populous nation, the world’s 10th largest economy in terms of purchasing power parity, and a member of the G-20. We at Fitch Solutions have revised down our full-year growth forecast for Indonesia’s real GDP in 2020 from 2.8% previously to -1.3%. The outlook is written in IMF 's June 2020 World Economic Outlook (WEO) released Wednesday, June 24. During the global financial crisis, Indonesia outperformed its regional neighbors and joined China and India as the only G20 members posting growth. Our forecast revision comes following the release of Q120 GDP data, which showed that the Indonesian economy slowed to 3.0% y-o-y from 5.0% in the previous quarter.

Economic indicators for Indonesia 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 is a member of G20 and classified as a newly industrialised country.

The economy of Indonesia is the largest in Southeast Asia and is one of the emerging market economies of the world. Today, Indonesia is the world’s fourth most populous nation, the world’s 10th largest economy in terms of purchasing power parity, and a member of the G-20. Last year, the Fund has trimmed its forecast for developing Asia for this year and 2020, as growth in China and India is … "Indonesia's economy will fully reopen in August (this year)," Kahkonen remarked at the virtual event of the World Bank's Indonesia Economic Prospects (IEP) July 2020 edition. “Despite Indonesia’s strong macroeconomic fundamentals, the COVID-19 outbreak has changed the course of the economy, with the external … At plenary cabinet session led by President Joko Widodo, government assumed that Indonesia’ economy will grow in a range of 5.3 to 5.5 percent, higher than the 2019’ target at 5.3 percent. According to National Development Planning Minister Bambang Brodjonegoro, … "Indonesia's economy will fully reopen in August (this year)," Kahkonen remarked at the virtual event of the World Bank's Indonesia Economic Prospects (IEP) July 2020 edition. The bank also forecasts that economic activities will pick up next year and Indonesia’s economic growth would reach 5.3 percent in 2021. It is one of the three assumptions that Kahkonen noted regarding World Bank's projection for Indonesia's economic growth this year, with forecasted zero-percent growth. Indonesia’s economic freedom score is 67.2, making its economy the 54th freest in the 2020 Index.

JAKARTA, INDONESIA (3 April 2020) — Indonesia’s economy is expected to grow by 2.5% in 2020 amid the novel coronavirus disease (COVID-19) pandemic, down from 5.0% in 2019, according to an Asian Development Bank (ADB) report released today. Indonesian officials have begun discussions about reopening Southeast Asia’s largest economy in phases starting from June, as job losses accelerate … Indonesia: Economy slows sharply in Q1, worse to come in Q2 May 5, 2020 Activity lost momentum in the first quarter, with GDP expanding 3.0% (Q4: +5.0% year-on-year), below market expectations of 4.0% and marking the weakest quarterly reading in nearly two decades. The COVID-19 pandemic in Indonesia is part of the ongoing worldwide pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2).It was confirmed to have spread to Indonesia on 2 March 2020, after a dance instructor and her mother tested positive for the virus. The Asian Development Bank (ADB) forecasts that Indonesia’s economy will contract by 1 percent in 2020 as a result of the coronavirus pandemic, the media reported. Jakarta (ANTARA) - Indonesia's economy will find it hard to grow in 2020 because it cannot remain separate from the effects of the ongoing global turmoil, … Indonesia’s economic growth cooled to 2.97 percent in the first quarter as household spending and investment plunged. Both were infected from a Japanese national. Our forecast revision comes following the release of Q120 GDP data, which showed that the Indonesian economy slowed to 3.0% y-o-y from 5.0% in the previous quarter.