No, certainly not. Both Indonesia’s exports and imports continued to decline sharply amid the novel coronavirus (COVID-19) crisis that has given rise to a drastic drop in global and domestic economic activities. The only reason why Indonesia was able to post a wide trade surplus in May 2020 is because the country’s imports have been plunging at a much faster rate than its exports. However, plunging imports of capital goods and raw materials cause major concern about the country’s economy.

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Poll Indonesia Investments:

According to you at what pace will the Indonesian economy grow in 2020?

Voting possible:  -

Results

  • Lower than 0.0% (26.8%)
  • Higher than 2.0% (17.9%)
  • 0.5% - 1.0% (15.9%)
  • 0.0% - 0.5% (15.8%)
  • 1.0% - 1.5% (11.8%)
  • 1.5% - 2.0% (11.8%)

Total amount of votes: 1025

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