Indonesia Might Go Through Resection as Economic Growth Projection in Q3 will enter the negative zone

23 September 2020

Research

Minister of Finance Sri Mulyani Indrawati stated that there is a possible that Indonesia will go through recension and projects that economic growth in the third quarter of 2020 will enter the negative zone -2.9% to -1.1%. Meanwhile, this yearâ € ™ s economics growth was revised to be -1.7% to -0.6%. If this project is correct, Indonesia`s economy will be officially going into recsesion, considering that in the second quarter, the National Economy had contracted by 5.32%. Despite The Recession, Sri Mulyani Said There is still hope for an improvement in Indonesia `SECONOMY. (Investor Daily) the results of the government debt securities (Sun) Auction on September 22, 2020 for SPN03201223 (New Issuance), SPN12210701 (Reopening), FR0086 (Reopening), FR0087 (Reopening), FR0080 (Reopening), FR0080 (Reopening) Reopening) and FR0076 (Reopening) Recorded the Total Incoming Bits of Rp 46 Trillion, with the Total Amount Awarded of Rp 22 Trillion. The total increase bits in this auction are slightly lower than the previous sun auction (September 8) which amounted to Rp 52 trillion. The yield of the 10-year government bonds increased by 3 bps on September 22 to 6.9%, from the previous auction date of 6.87% on September 8.Source: Danareksa Sekuritas Debt Researchphoto by aron visuals on UNSPLASH