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Hong Kong Recession, How its Impact to the Indonesian Economy?

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Berita Terkini
Nov 06, 2019 07:37
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Recession - Hong Kong finally falls to the brink of recession due to the demonstrations that occurred for months.

The performance of the III quarter of 2019, down fulfilled the criteria to enter in a recession, that the economy declined for two straight quarters In the II quarter of 2019, the economy of Hong Kong declined 0.4% on a quarterly basis.

The coordinating minister for the Economy, Airlangga Hartarto called the recession in Hong Kong will have a significant impact on the Indonesian economy.

The reason, according to him, Indonesia has a domestic market strong enough.

(Read: Getting Slowed, Economic Growth in the III Quarter of 2019 Only 5,02%)

In addition, trade relations between Indonesia and Hongkong only to the extent of the displacement of the ship or transhipment.

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Berita Terkini
Nov 06, 2019 07:37
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