According to the agency, the Indonesian economy expanded by 2.97 percent year-on-year (y/y) in the first quarter of 2020. About ADB, how we’re organized, transparency, Projects, publications, products and services, operational priorities, and development knowledge, Countries with operations and subregional programs, country planning documents, Careers, business opportunities, and investor relations, Climate Change and Disaster Risk Management, Brunei, Indonesia, Malaysia, Philippines East ASEAN Growth Area (BIMP-EAGA), Central Asia Regional Economic Cooperation (CAREC) Program, Indonesia, Malaysia, Thailand Growth Triangle (IMT-GT), South Asia Subregional Economic Cooperation (SASEC), Civil Society/Non-government Organizations. Indonesia’s economic growth is projected to fall to zero percent in 2020, as weary consumers and mobility restrictions imposed to curb the spread of the virus have led to a freeze in tourism, low commodity prices, and empty shops and restaurants. At the state budget press conference on Tuesday (Sept 22), the minister projected that Indonesia's economy in Q3 of 2020 will post a contraction in the range of one to 2.8 percent. By James Guild for The Diplomat October 16, 2020 The country's economic growth is projected to remain in the negative territory in Q3 of 2020 though better than the contraction of 5.32 percent in the second quarter. The latest available economic data for Indonesia compared to countries in Southeast Asia. Indonesia. Open training opportunities in the humanitarian field. RW COVID-19 page: Find latest updates on global humanitarian responses. It assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development. Recovery will be gradual, and real GDP growth is projected to reach 4.8 percent in 2021, only bouncing back to 6.0 percent in 2022, according to the World Bank’s July 2020 Indonesia Economic Prospects report. Latest humanitarian reports, maps and infographics and full document archive. The package includes funds to improve the preparedness of the health sector and a substantial increase in social assistance. Recovery will be gradual, and real GDP growth is projected to reach 4.8 percent in 2021, only bouncing back to 6.0 percent in 2022, according to the World Bank’s July 2020 Indonesia Economic Prospects report, released today. Economy 2020. ADB encourages websites and blogs to link to its web pages. The Indonesia Economic Prospects report is supported by the Australian Department of Foreign Affairs and Trade. The Basic Statistics brochure presents data on selected social, economic, and SDG indicators such as population, poverty, annual growth rate of gross domestic product, inflation, and government finance for economies in Asia and the Pacific. Indonesia’s economic growth is projected to fall to zero percent in 2020, as weary consumers and mobility restrictions imposed to curb the spread of … Indonesia, the largest economy in Southeast Asia, has seen a slowdown in growth since 2012, mostly due to the end of the commodities export boom. Find latest updates on global humanitarian responses. The Key Indicators for Asia and the Pacific publication presents data regarding the economic, financial, social, and environmental situations in a broad range of countries across the region. Updated yearly, the Fact Sheets summarize ADB's partnerships with member economies, providing key facts and figures and an overview of activities and future directions. OCHA coordinates the global emergency response to save lives and protect people in humanitarian crises. It is essential that the package is now effectively implemented to have the fullest impact on the people and the economy,” said Satu Kahkonen, World Bank Country Director for Indonesia and Timor-Leste. 6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines. 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