Indonesia central bank made its 3rd rate cut and trims the GDP outlook amid a bleak economy as the country struggles to avoid a recession. Do you think this cut will affect Singapore? To what extent? - Seedly
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Anonymous

Asked 3w ago

Indonesia central bank made its 3rd rate cut and trims the GDP outlook amid a bleak economy as the country struggles to avoid a recession. Do you think this cut will affect Singapore? To what extent?

Indonesia is also South-east Asia's biggest economy so just wondering how big its impact will be on Singapore if the country faces a recession.

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Kenneth Lou
Kenneth Lou, Co-founder at Seedly
Level 9. God of Wisdom
Answered 3w ago

I do think that Indonesia is still a sleeping giant, purely just because of their national population size for a consumer market.

Provided they can get the politics and economics right to fully leverage these benefits (as seen with China market)

We do have quite alot of businss which flows through Singapore into Indonesia and the greater south east asia, so yes, if a massive recession takes a toil on Indonesia or any part of SEA, it will affect Singapore to some extent.

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YX
Yi Xian
Level 3. Wonderkid
Answered 3w ago

Set up a Google Alert for "indonesia failed state" for some negative analysis, or for any country. A lost decade of development, weakening of status in a leading member of ASEAN, Jokowi out, Indonesia unicorn status, no more MDW from Indonesia, you can come to some conclusions already

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