KONTAN.CO.ID - JAKARTA. Indonesia's central bank is likely to lower its outlook for 2020 economic growth at its next policy meeting as the coronavirus spreads globally, its governor said on Wednesday. At February's policy meeting, Bank Indonesia Governor Perry Warjiyo had predicted the virus outbreak would have a V-shaped effect on economic growth, with a baseline rate of 5.1% that could go up to 5.2% with fiscal policy support. Growth in 2019 was 5.02%. "But with outbreaks in developed countries, we have to calculate again," he told a banking conference, citing a rising number of infections in countries like Italy and Japan.
Bank Indonesia likely to lower 2020 GDP outlook as coronavirus spreads
KONTAN.CO.ID - JAKARTA. Indonesia's central bank is likely to lower its outlook for 2020 economic growth at its next policy meeting as the coronavirus spreads globally, its governor said on Wednesday. At February's policy meeting, Bank Indonesia Governor Perry Warjiyo had predicted the virus outbreak would have a V-shaped effect on economic growth, with a baseline rate of 5.1% that could go up to 5.2% with fiscal policy support. Growth in 2019 was 5.02%. "But with outbreaks in developed countries, we have to calculate again," he told a banking conference, citing a rising number of infections in countries like Italy and Japan.