JAKARTA: Indonesia's finance minister on Friday raised the country's crisis management protocol level to "standby" from "alert" and warned that if the Covid-19 outbreak persisted, economic growth could fall to between 0%-2.5%.
Minister Sri Mulyani Indrawati said her baseline scenario was for GDP growth at above 4%, while the scenario of no growth assumed the coronavirus outbreak lasting three to six months, global trade slumping and Indonesia going into lockdown. Indonesia's GDP grew 5.02% last year.
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