Revenues had improved temporarily in June after coronavirus-induced restrictions were eased, but the improvement stagnated in July and contributions from some sectors such as trade, mining and construction deteriorated, minister Sri Mulyani Indrawati (pic) said, describing this as “a map that shows our economic recovery is very fragile and may reverse.”
JAKARTA: Indonesia’s economic recovery was “very fragile” and could reverse as shown by tax revenue data in July, the country’s finance minister said yesterday, warning that the economy faced a struggle to avoid a recession.
Revenues had improved temporarily in June after coronavirus-induced restrictions were eased, but the improvement stagnated in July and contributions from some sectors such as trade, mining and construction deteriorated, minister Sri Mulyani Indrawati (pic) said, describing this as “a map that shows our economic recovery is very fragile and may reverse.”
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