However, it was no surprise. The self-imposed social and business restrictions curb household consumption in a way we have not seen before. And interestingly enough, these restrictions come at a time when household consumption typically peaks: the Ramadan and Idul Fitri celebrations. Hence, based on local news reports, the 0.07 percent (m/m) inflation rate in May 2020 was the nation’s lowest inflation rate amid these Islamic celebrations since 1978.

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Poll Indonesia Investments:

According to you at what pace will the Indonesian economy grow in 2020?

Voting possible:  -

Results

  • Lower than 0.0% (26.8%)
  • Higher than 2.0% (17.9%)
  • 0.5% - 1.0% (15.9%)
  • 0.0% - 0.5% (15.8%)
  • 1.0% - 1.5% (11.8%)
  • 1.5% - 2.0% (11.8%)

Total amount of votes: 1025

Bahas