Jakarta: The Ministry of Finance's Fiscal Policy Agency (BKF) Head Febrio Kacaribu is confident that the implementation of Large-Scale Social Restrictions (PSBB) in Jakarta Special Capital Region will not significantly affect Indonesia's economic growth this year.
"The impact will not be that significant," the official said here on Friday.
According to the ministry, Indonesian economy is expected to contract between -1 and -2.9 percent in the third quarter of 2020 and between -0.6 and -1.7 percent in 2020.
"We will continue to montior economic condition in the country. People are starting to adapt to new normal. Our economy is very agile," the official explained.
On Thursday, the National Covid-19 Handling Task Force confirmed 4,634 new covid-19 cases, bringing the total number of confirmed covid-19 cases in Indonesia to 262,022.
From Wednesday noon to Thursday noon, the total number of confirmed covid-19 recoveries was up by 3,895 to 191,853, while the total number of confirmed covid-19 deaths was up by 128 to 10,105.