The Specter of Recession
The Specter of Recession
Tempo
December 9, 2019
The impacts of the world’s slowing economy in the past two years have hit harder in 2019. Indonesia’s economy suffered, with growth again failing to meet its target. Crawling at around five percent, the GDP has continued to rely on domestic consumption. Investment and trade experienced a downturn. Meanwhile, business sectors connected to international trade have also been hit.
Despite a growth target of around 5.
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