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...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	ECONOMIC GROWTH ECONOMIC RECOVERY CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE FISCAL TRENDS FOOD SECURITY AFRI-FOOD DEVELOPMENT AGRO-FOOD PROCESSING
Online Access:	http://documents.worldbank.org/curated/en/505381608137667057/Indonesia-Economic-Prospects-Towards-a-Secure-and-Fast-Recovery http://hdl.handle.net/10986/34930

id	okr-10986-34930
recordtype	oai_dc
spelling	okr-10986-349302021-04-23T14:02:12Z Indonesia Economic Prospects, December 2020 : Towards a Secure and Fast Recovery World Bank ECONOMIC GROWTH ECONOMIC RECOVERY CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE FISCAL TRENDS FOOD SECURITY AFRI-FOOD DEVELOPMENT AGRO-FOOD PROCESSING 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. 2020-12-16T20:13:23Z 2020-12-16T20:13:23Z 2020-12 Report http://documents.worldbank.org/curated/en/505381608137667057/Indonesia-Economic-Prospects-Towards-a-Secure-and-Fast-Recovery http://hdl.handle.net/10986/34930 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling East Asia and Pacific Indonesia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ECONOMIC GROWTH ECONOMIC RECOVERY CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE FISCAL TRENDS FOOD SECURITY AFRI-FOOD DEVELOPMENT AGRO-FOOD PROCESSING
spellingShingle	ECONOMIC GROWTH ECONOMIC RECOVERY CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE FISCAL TRENDS FOOD SECURITY AFRI-FOOD DEVELOPMENT AGRO-FOOD PROCESSING World Bank Indonesia Economic Prospects, December 2020 : Towards a Secure and Fast Recovery
geographic_facet	East Asia and Pacific Indonesia
description	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.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Indonesia Economic Prospects, December 2020 : Towards a Secure and Fast Recovery
title_short	Indonesia Economic Prospects, December 2020 : Towards a Secure and Fast Recovery
title_full	Indonesia Economic Prospects, December 2020 : Towards a Secure and Fast Recovery
title_fullStr	Indonesia Economic Prospects, December 2020 : Towards a Secure and Fast Recovery
title_full_unstemmed	Indonesia Economic Prospects, December 2020 : Towards a Secure and Fast Recovery
title_sort	indonesia economic prospects, december 2020 : towards a secure and fast recovery
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/505381608137667057/Indonesia-Economic-Prospects-Towards-a-Secure-and-Fast-Recovery http://hdl.handle.net/10986/34930
_version_	1764481956537434112

Indonesia Economic Prospects, December 2020 : Towards a Secure and Fast Recovery

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