Indonesia is officially out of technical recession. Grew by 7.07% (y.o.y) in Q2 2021, Indonesia experienced its highest GDP growth in the last 17 years after suffering economic contraction in the preceding four quarters. Although encouraging, Indonesia’s high economic growth in the second quarter of 2021 is not much of a surprise. There are at...Read More

Despite still being in negative territory, GDP growth of Indonesia is the closest it gets to the positive rate since the outbreak. Recorded at -0.74% (y.o.y), the Indonesian economy in Q1 2021 enjoyed a less severe contraction in almost all sectors than the previous three quarters. In addition, several sectors that enjoyed a rather positive...Read More

The Covid-19 pandemic is a crisis like never before. In economic sense, the current crisis is not originated from any economic aspects like credit crunch, banking sector collapse, or sovereign debt overhang. Thus, we are facing a crisis that has never been explained in any economic textbooks and it leaves almost everyone’s clueless. After more...Read More

Resuming the pattern of the first half of 2020, Indonesia’s economic figure in Q3-2020 came as a disappointment to many as it was worse than expected. Recorded at -3.49% (y.o.y), the official GDP growth of Q3-2020 practically puts Indonesia in a technical recession. Observing deeper to its sectors, the top four sectors of Indonesia’s economy...Read More

Throughout 2020, we observe an overall shallow inflation landscape, as made apparent by its inflation rate being the lowest in many years before (1.68%). The most important contributor to such a decrease in inflation is the administered inflation, for whic h we have observed a decrease of 0.26 bps from last year. The core inflation...Read More

Economic activities continue to shrink in Q2-2020 where economic growth plunged to -5.32% (y.o.y), much lower than the positive growth in Q1-2020 of 2.97%. The health crisis has halted the economy in nearly all economic sectors with the top three sectors of Indonesia’s economy (manufacturing, wholesale & retail trade, and construction sectors) experienced a more...Read More

It has been five months since the first announcement of Covid-19’s confirmed case in Indonesia on the early March. The massive widespread of the virus has brought a catastrophic impact, not only on human health but also on economic consequences. The set of measurements, such as global travel restrictions and social distancing, affect nearly all...Read More