Indonesia Economic Prospects, December 2020 : Towards a Secure and Fast Recovery
The Indonesian economy is slowly recovering following the partial reopening of the domestic and global economies. But the pace of recovery is uneven across sectors. Several labor market indicators are significantly weaker than before the crisis. Th...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/505381608137667057/Indonesia-Economic-Prospects-Towards-a-Secure-and-Fast-Recovery http://hdl.handle.net/10986/34930 |
| Summary: | The Indonesian economy is slowly
recovering following the partial reopening of the domestic
and global economies. But the pace of recovery is uneven
across sectors. Several labor market indicators are
significantly weaker than before the crisis. The monetary
response to the crisis has been strong but involves
macro-financial risks that need to be managed. The fiscal
response to save lives and livelihoods and stimulate the
recovery has been decisive. Albeit relatively low compared
to peer countries, public debt is rising, and the fiscal
space risks tightening in the absence of reforms.
Notwithstanding the policy response, the current pace of
recovery indicates that Indonesia will finish this year in
recession, the first time in two decades. |
|---|