Indonesia Recession in Q3 May Not As Bad As It Seems: Finance Minister

“With such an increase in the previous month, we expect the economic growth in the third quarter will be better than the second quarter after a deeper contraction of 5.3 percent,” she said.

Besides, she said, although it contracted 5.32 percent in the second quarter, the country’s economic condition was better than in some other countries that contracted 17 percent to 20 percent.

“We continue to accelerate the government spending, the economic recovery program, and export activities so that consumption and investment will gradually recover,” she said.

She added that it is hoped that the performance in the third quarter will improve and will be maintained until the fourth quarter.

(Writer: Mutia Fauzia | Editor: Bambang P. Jatmiko)

Source: https://money.kompas.com/read/2020/09/07/191500226/sri-mulyani--jika-resesi-di-kuartal-iii-tak-berarti-kondisinya-sangat-buruk.