Both Indonesia and the Philippines have room for fiscal stimulus: HSBC

HSBC's Joseph Incalcaterra says Indonesia is unlikely to see a quick economic recovery as the coronavirus isn't well-contained without a full nationwide lockdown, but the country has room for more fiscal stimulus to aid the recovery. He adds that the big drop in remittances to the Philippines will only continue as economic activities globally are not back to normal levels yet.
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Wed, Aug 5 202010:46 PM EDT