Morgan Stanley Research: Indonesia's Economic Growth -5% in Q2 2020

Dwi Hadya Jayani 24/06/2020 08:43 WIB

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Morgan Stanley projects Indonesia's economy to contract by 1% in 2020, down from its previous projection of 1% growth.

Indonesia's Economic Growth 2020 (Year-on-Year/YoY)

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Morgan Stanley Research: Indonesia's Economic Growth -5% in Q2 2020

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Indonesia's Economic Growth 2020 (Year-on-Year/YoY)

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Morgan Stanley projects Indonesia's economic growth in the second quarter of this year to be negative, up to -5%. However, it is expected to improve in the following quarters, reaching -1.5% in the third quarter and -0.5% in the fourth quarter.

Morgan Stanley predicts Indonesia's economic growth throughout 2020 to be minus (-) 1%, lower than its previous projection of 1%.

Editor : Safrezi Fitra

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."