Indonesia’s GDP growth to further decline to 4.7 percent in 2020

Moody’s Investor Service said Indonesia’s gross domestic product is expected to grow by only 4.9 percent this year and further decline to 4.7 percent in 2020.

Indonesia’s GDP growth to further decline to 4.7 percent in 2020 | BEAMSTART News

- From our Sponsors -

Weak commodity prices which continue to hit the economy becomes the culprit, however, the growth is expected to slightly recover to 4.8 percent in 2021.

Despite facing a slower growth scenario, Indonesia was expected to see no changes in its credit rating.

- Featured Sponsor -

Statistics Indonesia data reported the country’s GDP growth stood at 5.02 percent in the third quarter of 2019, down from 5.05 percent in the previous quarter.

The GDP slowdown as well as weak commodity prices, especially for palm oil and coal, will also affect the earnings of many corporates.

“We’ve seen some decline in commodity prices and as a result, slower economic growth and that has had a knock-on effect in terms of Indonesia’s economy,” Moody’s managing director and chief credit officer Michael Taylor said.

- From our Sponsors -

Latest Jobs

Influencer Marketing Associate


Yogyakarta, Indonesia

Full Time

SGD 400 — SGD 1000 monthly

English Content Writer


Jakarta, Indonesia

Full Time

SGD 300 — SGD 600 monthly

Fund Accountant

Decacorn Capital


Full Time

SGD 2500 — SGD 5000 monthly

Investment Analyst

Accial Capital


Full Time

SGD 4000 — SGD 6000 monthly

Enterprise Solution Project Manager

Jakarta, Indonesia

Full Time

SGD 2000 — SGD 2100 monthly

Operations Executive



Full Time

SGD 2800 — SGD 3500 monthly

Site Reliability Engineer



Full Time

SGD 2000 — SGD 3500 monthly

Live Streaming Operator


Tangerang, Indonesia

Full Time

SGD 800 — SGD 1100 monthly

Mobile Developer


Jakarta, Indonesia

Full Time

SGD 1000 — SGD 1100 monthly

Engineering Manager


Indonesia Bulk Terminal, Indonesia

Full Time

SGD 1500 — SGD 2000 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest news, events, and opportunities.


Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).