KONTAN.CO.ID - JAKARTA. Indonesia's central bank expects Southeast Asia's biggest economy to see a U-shaped recovery from the impact of the pandemic, a senior official said on Monday, with a continuing rise in coronavirus cases set to impede a sharper rebound. Destry Damayanti, Bank Indonesia's (BI) senior deputy governor, told an online seminar the world's fourth most populous country had not yet seen a peak of infections, underpinning BI's expectations of a slower-than-expected recovery. Indonesia overtook China on Saturday as the country with the most confirmed infections in East Asia. On Sunday, authorities also reported the highest daily increase in COVID-19 deaths with total cases at 86,521 and 4,143 fatalities.
Indonesia central bank warns of U-shaped economic recovery from pandemic
KONTAN.CO.ID - JAKARTA. Indonesia's central bank expects Southeast Asia's biggest economy to see a U-shaped recovery from the impact of the pandemic, a senior official said on Monday, with a continuing rise in coronavirus cases set to impede a sharper rebound. Destry Damayanti, Bank Indonesia's (BI) senior deputy governor, told an online seminar the world's fourth most populous country had not yet seen a peak of infections, underpinning BI's expectations of a slower-than-expected recovery. Indonesia overtook China on Saturday as the country with the most confirmed infections in East Asia. On Sunday, authorities also reported the highest daily increase in COVID-19 deaths with total cases at 86,521 and 4,143 fatalities.