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Remembering the 2016 Hague ruling: What has happened since then?
cnnphilippines.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnnphilippines.com Daily Mail and Mail on Sunday newspapers.
Remembering the 2016 Hague ruling: What has happened since then?
cnnphilippines.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnnphilippines.com Daily Mail and Mail on Sunday newspapers.
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As the demonstrations over Indonesia’s controversial Job Creation Law showed, few reforms are easy, but throughout the region, governments will be wise to plan now and act quickly, taking steps clearly so that taxpayers know what applies to them. AFP
Tax and investment policy after Covid
Mon, 21 December 2020
Indonesia, the 10th-largest economy in the world in terms of purchasing power parity, has for decades experienced strong growth. In the last two decades alone, growth averaged between five and 6.5 per cent. This significant growth reduced poverty from almost 30 per cent in the 1980s to less than 10 percent now.
Now, the economic decline that has accompanied the Covid-19 pandemic has hit Indonesia and other Southeast Asian countries hard, with sectors such as natural resources and tourism particularly affected. The Indonesian economy decreased sharply to 5.32 per cent (year-on-year) in the second quarter of 2020 because of the pandemic’s impact. In the third quart
Indonesia, the 10
th-largest economy in the world in terms of purchasing power parity, has for decades experienced strong growth. In the last two decades alone, growth averaged between 5 and 6.5 percent. This significant growth reduced poverty from almost 30 percent in the 1980s to less than 10 percent now.
Now, the economic decline that has accompanied the COVID-19 pandemic has hit Indonesia and other Southeast Asian countries hard, with sectors such as natural resources and tourism particularly affected. The Indonesian economy decreased sharply to 5.32 percent (year-on-year) in the second quarter of 2020 because of the pandemic’s impact. In the third quarter, the negative growth continued, -3.49 percent (year-on-year), with export of goods and services falling -10.8 percent.