As expected, the Indonesian economy entered a recession in the third quarter of 2020. On Thursday (05.11.2020), Indonesia's Statistical Agency (BPS) announced that Q3-2020 gross domestic product (GDP) growth contracted by 3.49 percent year-on-year (y/y), which makes it the second consecutive quarter of negative growth.
Update COVID-19 in Indonesia: 927,380 confirmed infections, 26,590 deaths (19 January 2021)
19 January 2021 (closed)
USD/IDR (14,146) -6.00 -0.04%
EUR/IDR (17,335) +57.05 +0.33%
Jakarta Composite Index (6,321.86) -67.98 -1.06%
The Today's Headlines section of Indonesia Investments is a daily updated section which contains the latest information with regard to topics that are currently causing headlines in Indonesia's media. Most of our headlines will cover political, economic and social matters. As a consequence of their recent nature, these topics may not have crystallized fully yet and can, therefore, lack a profound analysis. For publications with a more in-depth understanding of subjects, we refer you to our News, Financial or Business columns.
On 5 November 2020 Indonesia Investments released its October 2020 (2nd half) report. This report zooms in on some key macroeconomic data, including inflation, manufacturing activity, direct investment, and trade.
Multinational management consultancy McKinsey & Company predicts that - by adopting digital technology - the micro, small and medium-sized enterprises (MSMEs) of Indonesia can contribute up to USD $140 billion to Indonesia's gross domestic product (GDP) by the year 2030.
On Monday 19 October 2020 Indonesia Investments released a new report, titled 'Introduction Omnibus Job Creation Law'. This report discusses the contents and consequences of the recently approved Omnibus Law as well as its controversial aspects (especially for workers and the environment).