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Indonesia's novel coronavirus confirmed that the economy shrank faster than 270000 GDP and the mining industry was hit to a certain extent.
Sep 27,2020 12:43CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM9: the latest data released on the official website of the Indonesian government COVID-19 epidemic on September 26 show that the cumulative number of confirmed cases of COVID-19 in Indonesia has risen to 271339, with an increase of 4494. Currently, 199403 patients have been cured and another 10308 deaths. In the past 24 hours, 3207 new patients have been cured and 90 more deaths.

It is reported that Jakarta recorded the highest number of new cases (1322), with the highest recovery rate of 764, followed by West Java, where 386 new cases and 622 recoveries were reported, while East Java reported 279 new cases and 338 patients recovered in the past 24 hours. Six provinces reported fewer than 10 new infections on Saturday, namely Bangka Belitung, North Kalimantan, North Maluku, West Sulawesi Island, East Nusa Tenggara and Gorontalo.

Due to the impact of the epidemic, the Indonesian economy has been hit to a certain extent. Indonesia's finance minister said Indonesia has revised its (GDP) estimate of gross domestic product down from 1.1% to 0.2% of the previous estimate to 1.7% to 0.6%. Indonesia's economy is likely to contract in the third and fourth quarters of this year. The government has maintained its forecast of 4.5% to 5.5% growth next year, while the epidemic has also had an impact on Indonesia's mining industry.

According to previous Indonesian media reports, a mining official said that if the epidemic continues until the end of 2020, Indonesia's $3.7 billion smelter project is expected to be postponed to 2021. These projects include 18 nickel smelters, 2 copper projects and 7 bauxite smelter projects. Due to delays this year, these projects are now expected to be completed around 2023. Before the outbreak, Indonesia plans to invest $20 billion in smelter projects by 2023.

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