Economics
Indonesia Plans New Stimulus Package to Counter Virus Threat
- Economic growth set to slow to 4.7% in first quarter: Hartarto
- Central bank has taken decisive steps to stem market rout
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Indonesia is working on a second stimulus package to shore up Southeast Asia’s biggest economy, adding to the central bank’s aggressive moves to counter the impact of the coronavirus on financial markets.
A new tranche of fiscal measures would be “sizable” and “bigger” than the first one of 10.3 trillion rupiah ($725 million) announced last week, Coordinating Minister for the Economy Airlangga Hartarto said in an interview Monday.