Institute for Research on Economics and Society – Faculty of Economics and Business – University of Indonesia

MACROECONOMIC ANALYSIS SERIES: Bank Indonesia Board of Governors Meeting, November 2020

Indonesia has officially experienced a recession since the 1998 Asian financial crisis with economic conditions contracting again in the third quarter of 2020 by -3,49% (yoy), although better than the previous quarter. The government needs to speed up the implementation of stimulus policies, especially to prevent groups of people who have lost their jobs from falling into poverty and save businesses that are on the verge of bankruptcy, while continuing several mitigation measures for the Covid-19 pandemic so that the economy can fully recover from its dismal growth in 2020 . Inflation remains below expectations with no signs of price pressure, indicating prolonged weakness in aggregate demand.

Latest Publications

Indonesia-Canada Comprehensive Economic Partnership Agreement – ​​Opportunities and Challenges

November 11, 2025

LPEM–APF Canada Workshop Highlights Pathways to Gender-Responsive MSME Development

November 10, 2025

Monthly Inflation, November 2025 – Macroeconomic Analysis Series

November 6, 2025

Indonesia Economic Outlook 2026 – Suboptimal Quality of 5% Growth

November 4, 2025

Related Publications

Indonesia Canada CEPA

Indonesia-Canada Comprehensive Economic Partnership Agreement – ​​Opportunities and Challenges

LPEM–APF Canada Workshop Highlights Pathways to Gender-Responsive MSME Development

November inflation

Monthly Inflation, November 2025 – Macroeconomic Analysis Series

Positive SSL Wildcard