#economic contraction

Collection of economic contraction news, found 85 news.

Minister sanguine of nation clocking positive economic growth in Q2

Coordinating Economic Affairs Minister Airlangga Hartarto is upbeat about economic growth reaching 6.9 to 7.8 percent ...

Economy must grow 6-7% to escape middle-income trap: Monoarfa

The Indonesian economy must grow between 6-7 percent for the nation to escape the middle-income trap, Minister of ...

Indonesia eyes narrowing down disaster-triggered GDP contraction

Coordinating Minister for Maritime and Investment Luhut Binsar Pandjaitan highlighted the government's target to ...

World bodies project Indonesia's economic growth at 4.5%: President

Several world bodies, including the International Monetary Fund (IMF), World Bank, and Organization for Economic ...

Relaxation of vehicle, housing tax to stimulate economy: Apindo

Relaxation of taxes in the vehicle and housing sectors could help drive the economy amid the COVID-19 pandemic, ...

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Social security program seeks to address poverty challenge

The COVID-19 pandemic, which has triggered a global economic crisis, is posing a real challenge to many countries, ...

Minister forecasts economy to rebound to 4.5-5.5 percent in 2021

Indonesia's economy is projected to rebound to a range of 4.5 - 5.5 percent in 2021, propped up by increased ...

Indonesia economic contraction moderate: Finance Minister

Indonesia’s economic contraction of 2.07 percent (year-on-year) in 2020 was relatively moderate compared to other ...

Indonesia may return to lower middle-income status: minister

With its economy contracting 2.07 percent in 2020 due to the COVID-19 pandemic, Indonesia is projected to return to its ...

Mandiri Investment Forum 2021 projected to draw over 10,000 investors

Over 10 thousand investors, including 500 foreign investors, embassy representatives, and customers of Bank ...

Economic contraction drags down tax receipts

Indonesia's tax receipts fell 19.7 percent to Rp1,070 trillion in 2020 from Rp1,332.7 trillion in 2019 due to the ...

Government sets KUR ceiling at Rp253 trillion for 2021

The government has increased the ceiling for the microcredit program (KUR) for 2021 to Rp253 trillion from the ...

Government spending to remain key support for economy: ministry

Government spending will remain the main support for national economic growth amid efforts for recovery, particularly ...

24,000 microbusiness owners in Ambon city to get govt aid

About 24 thousand microbusiness owners in Ambon, the capital of Maluku province, have been verified to receive ...

Indonesia readying for a quantum leap: Jokowi

President Joko Widodo has said the current public health and economic crises are an opportunity for Indonesia to push ...