ADB: Indonesia's domestically-driven economy a blessing amid Covid-19

Newly appointed ADB president Masatsugu Asakawa, speaking during a restricted media briefing in Jakarta on Wednesday , expressed his belief that Indonesia was less likely to experience a strong impact from the global outbreak compared to other countries in the region, such as Japan or Thailand.

Indonesia is heavily dependent on domestic demand, with household consumption growing 4.97 per cent year-on-year in the fourth quarter of 2019 to account for more than 50 per cent of gross domestic product . Many countries, including Indonesia, have issued travel bans and restricted flights to destinations with localised outbreaks in a bid to stem the transmission of Covid-19 – the disease caused by the SARS-CoV-2 virus.

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