Coronavirus and Indonesia's Economic Growth

Adrian Wail Akhlas and Esther Samboh, The Jakarta Post (Feb 20):
“A drop of 1 percentage point in China’s economic growth will result in a drop of 0.3 to 0.6 percentage points in Indonesia’s [growth],” Finance Minister Sri Mulyani said during a press briefing in Jakarta on Wednesday.

Indonesia’s economic growth rate, which hit a three-year of 4.97 percent in the fourth quarter of 2019, was projected to grow 5.3 percent this year. Sri Mulyani’s estimate meant economic growth may slide to 4.7 percent.
Last week, Bank Indonesia Economic and Monetary Policy Department director IGP Wira Kusuma said that the bank is optimistic this year's economy can grow by up to 5.4 percent amid coronavirus outbreak.