Indonesia’s June 2020 inflation rate is the country’s lowest monthly rate since 2000 when Indonesia was recovering from the Asian Financial Crisis in 1997-1998, one of the biggest crises the country ever had to face. Considering various macroeconomic data (such as inflation, household consumption, manufacturing activity and credit growth) are approaching levels at which they were amid the Asian Financial Crisis, it shows just how big this ongoing COVID-19 crisis it.

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