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Global Economy Could Return to Positive Growth Next Year Despite Covid-19 Pandemic, Says Indonesian Minister

Global Economy Could Return to Positive Growth Next Year Despite Covid-19 Pandemic, Says Indonesian Minister

The global economy in 2020 is estimated to shrink by 4 to 5 percent, the sharpest contraction since the Great Depression.
Business
Indonesia to Increase Tobacco Excise by 12.5 Percent Next Year

Indonesia to Increase Tobacco Excise by 12.5 Percent Next Year

The government needs to balance the health aspect with the economic condition that is affected by Covid-19.
Business
Indonesia Needs GDP Growth of 8 Percent to Become Developed Economy, Says Minister

Indonesia Needs GDP Growth of 8 Percent to Become Developed Economy, Says Minister

It would require the economy to grow at least eight percent year-on-year (YoY) to avoid the middle-income trap status.
Business
G20 Suspends Poor Countries' Debt Payments for Another Six Months

G20 Suspends Poor Countries' Debt Payments for Another Six Months

G20 extends suspension of debt payments for poor countries facing economic difficulties during the pandemic
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