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Coordinating Minister Airlangga Hartarto said Indonesia still had a strong economic condition, so it would not be affected by a recession.
Finance Minister Sri Mulyani said that Indonesia was dealing with two blows throughout 2019 due to the declining growth of the global economy.
Hong Kong has fallen into recession after five months of demonstration that caused shops to close and public transportation to halt.
The IDX Composite was affected from global sentiments and economic recession hitting several foreign countries.
Among the chances of recession, the uncertain political condition may push investors to conservatively invest capital in Indonesia.