Abstract:
CNN Indonesia, on 24 July 2020, reported that "BI predicted Indonesia to enter recession gap
in the third quarter of 2020". Several online media immediately grabbed with the more
bombastic article entitled, "Indonesia's economy is on the brink destruction." In the 2/2020
quarter, the conditions got worse. Singapore is a country the earliest reported 2/2020 quarter
growth of - 41.2%, lowest throughout the history of the country's founding. Its annual growth
becomes- 12.6% (yoy). Singapore's economy, which is supported by international trade and
infrastructure, is under severe pressure. Malaysia hasn't reported its economic growth but is
forecast to experience contraction amounted to 9.7%. Indonesia itself is also predicted to
enter negative growth in 2/2020 quarter of - 3.8%. The question is whether the Indonesian
economy is so bad? Indonesia's economic quo Vadis?
Description:
JAAF (Journal of Applied Accounting and Finance), Volume 4, Number 2, 2020, p. 110-113
