Indonesia’s Economy Expected to Recover in 3Q 2020: Finance Minister

The Indonesian economy began to recover in the third quarter of 2020 (3Q 2020) and is expected to grow stronger in the fourth quarter, due to the Government of Indonesia’s National Economic Recovery Programme, which includes support for health, social assistance and small and medium enterprises, according to Finance Minister Sri Mulyani Indrawati.

Speaking at a recent virtual Financial Professional Expo, Indrawati stated that although the Indonesian 3Q 2020 economic growth was still projected to be in the negative range, it was expected to improve following the 5.32% contraction in the second quarter of the year.

Earlier in September 2020, Indrawati predicted that the country...