VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

The latest Asian Development Bank (ADB) report projects that Indonesia’s economy will slow down or only record a growth of some 2.5 percent in 2020, down from five percent in 2019 over the COVID-19 pandemic. Although Indonesia has a strong macroeconomic foundation, the ongoing COVID-19 outbreak has changed the direction of the country's economy, with deteriorating external environmental conditions and weakening domestic demand, ADB Director for Indonesia Winfried Wicklein, noted in a statement in Jakarta on Friday as quoted by Antara. Domestic demand is expected to weaken in line with declining business and consumer sentiment. However, in tune with the recovery of the world economy next year, Indonesia's growth is projected to gain momentum, bolstered by reforms in the investment sector//ANT