Finance Minister Sri Mulyani Indrawati: "We're preparing for all possibilities, so that the corporate sector and then the financial sector do not get hit by the domino effect of Covid-19".
JAKARTA: Indonesia’s economy faces the risk of recession this year due to the coronavirus pandemic, its finance minister said yesterday, adding that only a small amount of the government’s billion dollar budget to fight the crisis had been doled out.
Sri Mulyani Indrawati told an online briefing South-East Asia’s largest economy was expected to shrink in the April-June quarter by 3.1% from a year earlier – marking the first contraction since 1999.
