A recession is widely thought to be on the horizon in Indonesia after the South East Asian country recorded its weakest GDP growth since 2001 in first quarter (Q1) 2020.
The Indonesian economy grew by an average of 12% p.a. (per annum) between 2008 and 2018 and has been a bright spot in the emerging South East Asian region.
According to gasworld Business Intelligence, Indonesia has generally benefited from fiscally conservative policies and a government committed to opening up the economy and stimulating sustainable growth.
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