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Sri Mulyani: Recession may occur if business activities do not return to normal

08 September 2020 07:13

JAKARTA - Economic recession may occur in the third quarter of 2020 if business activities do not return to normal, even though government spending and investment are in the positive zone. This was conveyed by Minister of Finance Sri Mulyani after a Working Meeting with the Budget Agency of DPR, yesterday (7/9).

She said that a recession would occur if economic growth in the third quarter is in the negative zone. However, it is hoped that this will not happen because there were some improvements recorded last month.

The minister said the government accelerated government spending to restore the economy and investment in the third quarter. (LK/AR)

 
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