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Jakarta, CNBC Indonesia Indonesia will certainly enter the brink of recession. This happened after Finance Minister Sri Mulyani Indrawati revealed the economic forecast for the third quarter of 2020.
According to him, the Finance Ministry had previously seen the economy in the third quarter at minus 1.1% to 0.2%. “And as of September 2020, this is minus 2.9% to minus 1.0%,” he said at a press conference for our September state budget on Tuesday (9/22/2020).
He said negative territory will take place in the fourth quarter. However, he said, the government continues to work to bring the figure closer to 0.
Previously, in the second quarter of 2020, the economy was also at minus 5.32%. If there are two consecutive negative economic quarters or a contraction, Indonesia will enter a recession.
In fact, RI is not alone. There are several countries that have experienced the recession first.
The corona virus (Covid-19) has forced several countries to lock down (emergency shutdown) and restrict the movement of citizens. Economic activity has slowed because of this.
Here are 45 other countries that are officially in recession Commercial economics with the inclusion of the latest quarterly data on a year-on-year basis:
1. South Africa (0)
2. Albania (-3)
3. Angola (-2)
4. Saudi Arabia (-1)
5. Argentina (-5)
6. Austria (-13)
7. Bahrain (-1)
8. Barbados (0)
9. Netherlands (-9)
10. Belgium (-14)
11. Belize (-4)
12. Brazil (-11.4)
13. Ecuador (-1)
14. Filipina (-16)
15. Finland (-5)
16. Guyana Cathedral (-6)
17. Hong Kong (-9)
18. England (-22)
19. Iran (-10)
20. Italy (-17)
21. Japan (-10)
22. Germany (-12)
23. Canada (-13)
24. Latvia (-10)
25. Lebanon (-5)
26. Lebanon (-5)
27. Lithuania (-4)
28. Macau (-68)
29 Mexico (-19)
30. Mongolia (-10)
31. Palestine (-3)
32. Peru (-30)
33. Portugal (-16)
34. Czech Republic (-11)
35 New Zealand (12.4%)
35 Singapore (-13)
37 Slovakia (-12)
38. Spain (-22)
39. Sudan (-2)
40. Switzerland (-9)
41. Thailand (-12)
42. Tunisia (-22)
43. Ukraine (-11)
44.Venezuela (-27)
45. Greece (-15.2%)
(Head to head)
