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Coordinating Economic Minister Airlangga Hartarto projects that Indonesia's economy will grow to 1.6 to 2.1 percent in the first quarter of 2021.
The Save Indonesia Coalition (KAMI) expresses concern over the government's inability to contain the Covid-19 pandemic and economic recession.
There must be no attempts to cover up the economic crisis. It is time to accelerate the direct cash assistance program.
Indonesia's economy grew at a negative 3.49 percent, bringing the archipelago to a recession for two consecutive quarters.
BPS recorded the state's economic growth experienced a 3.49-percent contraction in the third quarter of 2020, this bring the economy to recession.
There is almost no doubt that Indonesia will fall into recession, economist says.
Kadin predicted the average income of Indonesians would fall below the global average, a result of an economic recession caused by the Covid-19.
Bank Mandiri lead economist Andry Asmoro predicts Indonesia's recession will not be as bad as other countries.
CORE CEO Mohammad Faisal explained that the ongoing downturn of business performance and economy potentially triggers a massive wave of layoffs.
Minister of Research and Technology Bambang Brodjonegoro said that all Indonesia can do now is wait for an announcement from the BPS.
Indef Research Director Berly Martawardaya said that the public should not need to worry about the threat of economic recession.
Business association Apindo argues that an economic recession is unavoidable at this point but must avoid an economic crisis.
President Jokowi announced several of Indonesia's economic indicators, including Manufacturing Purchasing Managers' Index (PMI) that started to grow.
Mahfud MD said that fighting the Covid-19 pandemic must run parallel to the government's efforts to recover the economy.
Democratic Party chairman AHY opined that the Covid-19 pandemic was the root of the problems currently faced by Indonesia, including recession.
Coordinating Minister Luhut Pandjaitan, does not rule out possibilities that Indonesia might fall into recession if the economic growth keeps dropping
The Palace asserted that Indonesia's economy has not yet fallen into recession albeit its economic growth experienced contraction.
Indef says the way the government deals with the COVID-19 pandemic is the main key to economic recovery.
West Java Governor Ridwan Kamil suggested the central government immediately move the country's economic center from Jakarta to other provinces.
President Jokowi reminded state-ministers to prepare for a possible global economic recession due to the coronavirus (COVID-19) pandemic.
