The Indonesian President said that there are several indicators that point to a green-zone economic performance as a result of the government’s hard work in mitigating the coronavirus pandemic over the past nine months.
The central government has strived for a balance in suppressing nationwide Covid-19 cases without putting too much pressure on the national economy.
“The positive signals for our economy have become increasingly clear. Our hard work is starting to bear results.”
The Indonesian economy is on a rebound as evidenced by its economic performance during the third quarter of 2020 which, despite seeing a contraction, saw an improvement compared to the previous quarter.
The economy in the third quarter of this year was at a minus 3.49 percent while in the second quarter, it reached minus 5.32 percent.
“This means that our economy has passed its lowest point and is now headed for a rebound."
"There are growing positive trends and with this momentum, I am confident that the economy will be in the green zone in the fourth quarter and so on.”
Another indicator highlighted by the Indonesian President is the country’s trade surplus of $8 billion in Q3 of 2020 in addition to the stronger exchange value of the Indonesian Rupiah on the IDX Composite.
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