Moody's Cuts Indonesia's 2020 Economic Growth Projection to 4.8%
- A Small Font
- A Medium Font
- A Bigger Font
Moody's rating agency revised its projection for Indonesia's economic growth in 2020. In a previous report, Indonesia's economy was projected to grow by 4.9%. However, due to the threat of the spread of the coronavirus (COVID-19), Indonesia's economic growth is now projected at 4.8% in an optimistic scenario and 4.5% in a pessimistic scenario.
Besides Indonesia, other G20 countries have also been impacted by COVID-19. One example is Italy, which has the highest number of virus cases in Europe. As a result, Italy's economic projection has been revised to -0.5% from the previous projection of 0.5%. Furthermore, Japan's economic growth projection has been cut from 0.3% to 0%.
"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."
Related Data
Latest Data Stories
Trending Topics
Popular Data