Vicious Circle Increased Risk  Weakened GDP Growth  Decline in Credit Growth  Rupiah’s Depreciation  Increased NPL  The World Bank’s Survey (2016) reveals that the ratio of female business ownership in Indonesia is higher compared to the same ratio at a global level, particularly for micro and small businesses.
The speed and intensity of this downturn – and the rapidity of the recovery in many areas – are without modern precedent. I am very glad you could all join us today to offer your thoughts, and I want to thank you on behalf of the entire Federal Reserve System for both your presence today and for your continued feedback and participation.