Credit rating agency Moody’s revised its report on growth forecast of G20 member states. Moody’s projected that Indonesia’s GDP growth will be on -0.8%. The agency also sees that this number will recover in 2021 to 6.1% or better than the 2019 accomplishment (before the pandemic) which was 5%.
Differences in each country’s government support in giving stimulus is a deciding factor in their resilience when facing economic pressure. Furthermore, the protracted US-China relations tension will also give additional effects to the global economic condition.