In September 2020 there were two key Indonesian policymakers (the Coordinating Minister for Economic affairs and the Finance Minister) who came with revised (and realistic) forecasts for Indonesia’s Q3-2020 economic expansion. As a consequence, their outlooks for Indonesia’s full-year 2020 growth are now much more realistic too.

Their conclusions are (1) that Indonesia is expected to enter a recession in Q3-2020 (after experiencing two straight quarters of negative growth), and (2) that full-year 2020 economic growth is (highly) likely to be negative.

Read the full article in our September 2020 report. You can order the report by sending an email to or message to +62(0)8.788.410.6944 (incl. WhatsApp).

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Take a Glance Inside the September 2020 Report: